Conditions of office of director
10 Conditions of office of director
A director will be appointed for a term, not exceeding
3 years, specified in the instrument of appointment and will, at the expiration of a term of appointment, be eligible for reappointment.
A director is entitled to such remuneration, allowances and expenses as may be determined by the Governor.
The Governor may remove a director from office on the recommendation of the Minister.
The Minister may recommend the removal of a director on any ground that the Minister thinks fit.
The office of a director becomes vacant if the director—
dies; or
completes a term of office and is not reappointed; or
resigns by written notice to the Minister; or
is disqualified from managing corporations under Chapter 2D
Part 2D.6 of the Corporations
Act 2001 of the Commonwealth; or
is convicted of an indictable offence or sentenced to imprisonment for an offence; or
is removed from office under subsection (3).
This Act’s bill:Second reading speech
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