Management and Investment Companies Act 1983
11Termination of appointment
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11 Termination of appointment
(1) The Governor‑General may terminate the appointment of an appointed member by reason of misbehaviour or physical or mental incapacity. (2) If an appointed member: (a) becomes bankrupt or applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his creditors or makes an assignment of his remuneration for their benefit; (b) is absent, except on leave granted by the Minister in accordance with section 9, from 3 consecutive meetings of the Board; or (c) without reasonable excuse, fails to comply with his obligations under section 12; the Governor‑General shall terminate his appointment.