150XUTermination of appointment of Board members

150XU Termination of appointment of Board members

(1) The Commonwealth Minister may terminate the appointment of a Board member for misbehaviour or physical or mental incapacity. (2) The Commonwealth Minister may terminate the appointment of a Board member if: (a) the member: (i) becomes bankrupt; or (ii) applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or (iii) compounds with his or her creditors; or (iv) makes an assignment of his or her remuneration for the benefit of his or her creditors; or (b) the member is absent, except on leave of absence, from 3 consecutive meetings of the Board; or (c) the member fails, without reasonable excuse, to comply with a section 150XP determination to the extent to which the determination relates to disclosure of interests; or (d) the Commonwealth Minister is satisfied that the performance of the member has been unsatisfactory for a significant period. (3) The Commonwealth Minister must consult all responsible State Ministers and the responsible Northern Territory Minister before terminating the appointment of a Board member.