The Bank can remove an auditor from their job at any time if they have a good reason. You might wonder what a good reason is - it means the auditor cannot do their job, has gone bankrupt, has not done their job properly, or has done something wrong. The Bank must tell the auditor in writing that they are being removed.

The written notice must say when the removal will happen, and it cannot be before the notice is given. You will be able to find out about the removal because the Bank must publish it in the Gazette. If you want to know more about similar rules, you can look at the link to legislation from 1989.

The Bank has to follow these rules when removing an auditor. They must be fair and have a good reason for removing the auditor. This is how the Bank removes an auditor from their job.