Document ID: chunk:federal_register_of_legislation:C2004A00769:clause:1_165
Version: federal_register_of_legislation:C2004A00769
Segment Type: clause
Provision Reference: sch 1 cl 165
Character Range: 16076–17168

165  Termination of appointment

 (1) The Minister may, after consulting the Commission and Indigenous Business Australia, terminate the appointment of an Indigenous Business Australia Director because of misbehaviour or physical or mental incapacity.

 (2) If an Indigenous Business Australia Director:
 (a) is absent, except on leave granted under section 161, from 3 consecutive meetings of the Indigenous Business Australia Board; or
 (b) becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with creditors or makes an assignment of remuneration for their benefit; or
 (c) fails, without reasonable excuse, to comply with section 27F or 27J of the Commonwealth Authorities and Companies Act 1997;
the Minister must terminate the Director's appointment.

 (3) If:
 (a) 3 of the Indigenous Business Australia Directors are Commissioners; and
 (b) a fourth Indigenous Business Australia Director becomes a Commissioner;
that fourth Indigenous Business Australia Director ceases to be an Indigenous Business Australia Director.