(1) The office of a member of the Board becomes vacant if the member—
(a) without leave first being granted by the Board, is absent from 3 consecutive meetings of which reasonable notice was given to the member, either in person or by post; or
(b) becomes an insolvent under administration; or
(c) is convicted of an indictable offence or an offence that, if committed in Victoria, would be an indictable offence; or
(d) resigns by writing delivered to the Minister; or
(e) is removed from office under subsection (2).
(2) The Governor in Council may remove a member of the Board from office if of the opinion that the member—
(a) is guilty of improper conduct in carrying out the duties of the member's office; or
(b) is mentally or physically incapable of carrying out satisfactorily the duties of the member's office; or
(c) has failed to comply with any term or condition of appointment.