248
CurrentWhen authorised person ceases to hold office
Chapter 7Investigation and enforcement
Part 1Authorised persons
248 When authorised person ceases to hold office
(1)
An authorised person ceases to hold office if any of the following happens—
(a)
the term of office stated in a condition of office ends;
(b)
under another condition of office, the authorised person ceases to hold office;
(c)
the authorised person’s resignation under section 249 takes effect.
(2)
Subsection (1) does not limit the ways an authorised person may cease to hold office.
(3)
In this section—
condition of office means a condition on which the authorised person holds office.
This Act’s bill:Explanatory memorandum
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