Commonwealth Consolidated Acts

AUSTRALIAN TRADE AND INVESTMENT COMMISSION ACT 1985 - SECT 59

  (1)   The Minister may terminate the appointment of the CEO for misbehaviour or physical or mental incapacity.

  (2)   The Minister may terminate the appointment of the CEO if:

  (a)   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

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

  (c)   the CEO engages, except with the Minister's approval, in paid employment outside the duties of his or her office.

  (3)   The Minister must terminate the appointment of the CEO if, in the Minister's opinion, the performance of the CEO has been unsatisfactory for a significant period of time.