(1) The office of a member of the PRS Board becomes vacant if he or she—
(a) becomes an insolvent under administration; or
(b) is convicted of an offence punishable by imprisonment or an offence that, if committed in Victoria, would be punishable by imprisonment; or
(c) resigns from office by delivering a signed letter of resignation to the Governor in Council; or
(d) is removed from office under subsection (2).
(2) The Governor in Council, on the recommendation of the Minister, may remove a member from office if—
(a) the member becomes incapable of performing his or her duties; or
(b) the member is negligent in the performance of those duties; or
(c) the member engages in improper conduct; or
(d) the member is absent, without leave first being granted by the President, from 3 consecutive meetings of which reasonable notice has been given to the member; or
(e) for any other reason, the Minister is satisfied that the member is unfit to hold office.