Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts12. (1) The Minister shall, by instrument, terminate the appointment of the Registrar if he or she—
(a) is physically or mentally incapable of continuing in office, in the opinion of the Minister based on reasonable grounds;
(b) accepts an office or appointment with a financial institution;
(c) acquires a direct or indirect pecuniary interest which, in the opinion of the Minister based on reasonable grounds, so seriously conflicts, or is likely so seriously to conflict, with the proper performance of the functions of the office as to require the termination of his or her appointment;
(d) contravenes the financial institutions legislation without reasonable excuse; or
(e) is no longer a fit and proper person to hold the office, in the opinion of the Minister based on reasonable grounds.
(2) The Minister may, by instrument, suspend the appointment of the Registrar for a specified period if he or she acquires a direct or indirect pecuniary interest which, in the opinion of the Minister based on reasonable grounds, conflicts, or is likely to conflict, with the proper performance of the functions of that office.