Document ID: chunk:federal_register_of_legislation:C2024C00828:section:662
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 662
Character Range: 1787242–1788413

662  Termination of appointment of Board members
 (1) The responsible Commonwealth Minister may terminate the appointment of a Board member for misbehaviour or physical or mental incapacity.
 (2) The responsible Commonwealth Minister may terminate the appointment of a Board 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 a section 657 determination to the extent to which the determination relates to disclosure of interests; or
 (d) the responsible Commonwealth Minister is satisfied that the performance of the member has been unsatisfactory for a significant period.
 (3) The responsible Commonwealth Minister must consult all State Petroleum Ministers and the Northern Territory Petroleum Minister before terminating the appointment of a Board member.