Vacancy in office of director
6 Vacancy in office of director
The office of a director becomes vacant if the director—
dies, or
completes a term of office and is not re-appointed, or
resigns the office by instrument in writing addressed to the Minister (in the case of a director appointed by the Minister) or the Transport Secretary (in the case of a director appointed by the Transport Secretary), or
is removed from office by the Minister or Transport Secretary under this clause, or
is absent from 3 consecutive meetings of the Board of which reasonable notice has been given to the director personally or by post, except on leave granted by the Minister or unless the director is excused by the Minister for having been absent from those meetings, or
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
becomes a mentally incapacitated person, or
is convicted in New South Wales of an offence that is punishable by imprisonment for 12 months or more or is convicted elsewhere than in New South Wales of an offence that, if committed in New South Wales, would be an offence so punishable.
The Minister may remove a director appointed by the Minister from office at any time.
The Transport Secretary may remove a director appointed by the Transport Secretary from office at any time.
This Act’s bill:Explanatory memorandum
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