Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 42

             (1)  This section only applies to members referred to in paragraphs 34(1)(a), (b) and (f).

             (2)  The Minister may terminate the appointment of an appointed member for misbehaviour or physical or mental incapacity.

             (3)  The Minister must terminate the appointment of an appointed member who:

                     (a)  becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or makes an assignment of his or her remuneration for their benefit; or

                     (b)  is absent, except on leave of absence, from 3 consecutive meetings of the Board; or

                     (c)  fails to comply with his or her obligations under section 27F or 27J of the Commonwealth Authorities and Companies Act 1997 .