(1) The Minister may terminate the appointment of a person as a Board member for any of the following reasons:
(a) inability, inefficiency, incompetence, misconduct, misbehaviour or mental or physical incapacity;
(b) the person has failed to disclose a material personal interest;
(c) the person is absent, except on leave granted by the Board, from 3 meetings of the board within a 12 month period;
(d) the person is found guilty of an offence against section 70 ;
(e) the person is found guilty of an offence of such a nature that it would be inappropriate for the person to continue to be a member;
(f) the person is disqualified from managing a corporation under Part 2D.6 of the Corporations Act 2001;
(g) the member:
(i) becomes bankrupt; or
(ii) applies to take the benefit of a law for the relief of bankrupt or insolvent debtors; or
(iii) compounds with creditors or makes an assignment of the member's remuneration for their benefit.
(2) Despite subsection (1), the Minister may terminate the appointment of a person as a Board member at any time without giving reasons.