If the person appointed as the Governor or the Deputy Governor:
(a) becomes permanently incapable of performing the person's duties; or
(b) engages in any paid employment outside the duties of the person's office; or
(c) becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with the person's creditors or makes an assignment of the person's salary for their benefit;
the Treasurer must terminate the person's appointment.