(1) The Minister may, with the agreement of the Ministerial Conference, at any time terminate the appointment of a government‑nominated member.
(2) The Minister may, with the agreement of the Ministerial Conference, terminate the appointment of a member other than a government‑nominated member for misbehaviour or physical or mental incapacity.
(3) The Minister must terminate the appointment of a member if:
(a) 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 his or her creditors; or
(iv) makes an assignment of his or her remuneration for the benefit of his or her creditors; or
(b) the member is absent, except on leave of absence, from 3 consecutive meetings of the Board; or
(c) the member fails, without reasonable excuse, to comply with an obligation imposed on him or her by section 27F or 27J of the Commonwealth Authorities and Companies Act 1997 .