Commonwealth Consolidated Acts

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NATIONAL RECONSTRUCTION FUND CORPORATION ACT 2023 - SECT 26

Termination of appointment of Board members

    The Ministers may terminate the appointment of a Board member:

  (a)   for misbehaviour; or

  (b)   if the member is unable to perform the duties of the member's office because of physical or mental incapacity; or

  (c)   if the member:

  (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 the member's creditors; or

  (iv)   makes an assignment of the member's remuneration for the benefit of the member's creditors; or

  (d)   if the member is absent, except on leave of absence, from 3 consecutive meetings of the Board.

Note:   The appointment of a Board member may also be terminated under section   30 of the Public Governance, Performance and Accountability Act 2013 (which deals with terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials).



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