CTHRepealedAct
Insurance and Superannuation Commissioner Act 1987
11Termination of appointment
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Insurance and Superannuation Commissioner Act 1987.
##### 11 Termination of appointment
(1) The Governor-General may terminate the appointment of the Commissioner for misbehaviour or physical or mental incapacity.
(2) The Governor-General shall terminate the appointment of the Commissioner if the Commissioner:
(a) becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with creditors or makes an assignment of remuneration for their benefit;
(b) is absent from duty, except on leave of absence, for 14 consecutive days or for 28 days in any 12 months;
(c) becomes:
(i) a director or employee of a body corporate of a kind referred to in paragraph 4(3)(a), (c) or (d); or
(ii) a trustee of a superannuation fund, a pooled superannuation trust or an approved deposit fund;
(d) engages in paid employment outside the duties of the office without the approval of the Minister; or
(e) contravenes section 8 without reasonable excuse.