Document ID: chunk:federal_register_of_legislation:C2024C00824:section:43
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 43
Character Range: 62432–63387

43  Termination of appointment of appointed members at instance of Board or for non‑performance etc.
 (1) This section only applies to members referred to in paragraphs 34(1)(a), (b) and (f).
 (2) The responsible Ministers may terminate the appointment of a member if:
 (a) the Board has resolved that the appointment of the member be terminated; and
 (b) the resolution was passed at a meeting of the Board convened for the purpose of considering a motion that the appointment of the member be terminated; and
 (c) the resolution was passed by not less than a two‑thirds majority of the members present, excluding the member to whom the resolution relates.
 (3) The responsible Ministers may terminate the appointment of a member if the responsible Ministers are satisfied:
 (a) that it is not in the best interests of EFIC that the member continue in office; or
 (b) that the performance of the member has been unsatisfactory for a significant period.