Commonwealth Numbered Acts

AUSTRALIAN OVERSEAS PROJECTS CORPORATION ACT 1978 No. 105 of 1978 - SECT 28

28. (1) The Governor-General may terminate the appointment of the Managing
Director for misbehaviour or physical or mental incapacity.

(2) If the Managing Director-

   (a)  becomes bankrupt, 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)  except with the approval of the Minister, engages in paid employment
        outside the duties of his office;

   (c)  is absent from duty, except on leave of absence granted by the
        Minister, for 14 consecutive days or for 28 days in any 12 months; or

   (d)  in any way, otherwise than as a member of, and in common with the
        other members of, an incorporated company which consists of more than
        25 persons and of which he is not a director, becomes interested in a
        contract entered into by or on behalf of the Corporation, the
        Governor-General shall, by notice published in the Gazette, declare
        that the office of the Managing Director is vacant, and thereupon the
        office shall be deemed to be vacant.