Financial Markets Authority Act 2011

Financial Markets Authority - Membership of board of FMA

13: Removal of associate members

You could also call this:

"How associate members can be removed from their job"

The Minister can remove an associate member from their position for the same reasons and in the same way that the Governor-General can remove a regular member. This is done according to section 39 of the Crown Entities Act 2004. This rule applies even though section 39(1) of the Crown Entities Act 2004 might say something different.

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Part 2Financial Markets Authority
Membership of board of FMA

13Removal of associate members

  1. The Minister may remove any associate member from office on the same grounds and in the same manner as the Governor-General may remove a member under section 39 of the Crown Entities Act 2004.

  2. Subsection (1) applies despite section 39(1) of the Crown Entities Act 2004.

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