Commonwealth Numbered Acts

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998 - SECT 40

(a) for misbehaviour or physical or mental incapacity; or

(b) if the CEO:

(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

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

(d) if the CEO engages, except with the Board's approval, in paid employment outside the duties of his or her office; or

(e) if the CEO fails, without reasonable excuse, to comply with section 21 of the Commonwealth Authorities and Companies Act 1997 .

(3) If the CEO is:

(a) an eligible employee for the purposes of the Superannuation Act 1976 ; or

(b) a member of the superannuation scheme established by the Trust Deed under the Superannuation Act 1990 ;

(4) For the purposes of the Superannuation Act 1976 , the CEO is taken to have been retired from office on the ground of invalidity if:

(a) the CEO's appointment is terminated, or the CEO is retired from office, on the ground of physical or mental incapacity; and

(b) the CSS Board gives a certificate under section 54C of the Superannuation Act 1976 .

(a) the CEO's appointment is terminated, or the CEO is retired from office, on the ground of physical or mental incapacity; and

(b) the PSS Board gives a certificate under section 13 of the Superannuation Act 1990 .