SCHEDULE 1 - Members of the Tr SCHEDULE 1 - Members of the Trust

Section 7(1)

1.   Vacation of office

(1) A member of the Trust shall be deemed to have vacated office –

(a) if the member dies while holding office; or

(b) if the member becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with the creditors of the member, or makes an assignment of the member's remuneration or estate for their benefits; or

(c) if the member is absent from 3 consecutive meetings of the Trust, of which reasonable notice has been given to the member, either personally or in the ordinary course of post, and the member is not excused by the Trust from attendance at any of those meetings; or

(d) if the member is convicted in Tasmania of an offence which is punishable by imprisonment for a period of not less than 12 months, or if the member is convicted elsewhere than in Tasmania of an offence which, if committed in Tasmania, would be an offence so punishable; or

(da) [Schedule 1 Amended by No. 27 of 2014, s. 8, Applied:17 Dec 2014] if the member is or becomes a salaried officer or employee of the TFGA; or

(e) if the member resigns from office by writing under the hand of the member addressed to the Minister and the Minister accepts the resignation.

(2) The Minister may remove a member of the Trust from office if the Minister is satisfied that the member is incapable, whether by reason of ill-health or otherwise, of performing adequately the duties of that office or that the member has voted at any meeting of the Trust in respect of any matter in which the member was at that time interested (otherwise than as a member of the public or as an elector of, or ratepayer to, any municipality, or as a shareholder in a company in which there were at that time more than 20 members and of which the member was not at that time a director or officer).

(3) On the occurrence of a vacancy in the office of a member of the Trust, the Minister may appoint a person to the vacant office for the balance of the term of office of that member.

2.   Fees and allowances

[Schedule 1 Amended by No. 27 of 2014, s. 8, Applied:17 Dec 2014] A member of the Trust is entitled to be paid only such fees and allowances as the Minister may from time to time determine.

3.   Validity of proceedings, &c.

(1) All acts and proceedings of the Trust or of any person acting pursuant to any direction of the Trust are, notwithstanding the subsequent discovery of any defect in the appointment of any member of the Trust or that any person was disqualified from acting as, or incapable of being, a member of the Trust, as valid as if the member had been duly appointed and was qualified to act, or capable of being, a member, and as if the Trust had been fully constituted.

(2) Where a member of the Trust, or any person acting pursuant to any direction of the Trust, does or purports to do, or omits or purports to omit to do, any act or thing in good faith for the purpose of administering or executing this Act, that person shall not be personally subjected to any action, liability, claim or demand in respect of that act or omission.