Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The directors hold office and must retire, and may be removed from office, as provided by the rules of the cooperative.
(2) A director vacates office in the circumstances (if any) provided under the rules of the cooperative and in any of the following cases:
(a) if the director is disqualified under section 214 from being a director;
(b) if the director is absent from 3 consecutive ordinary meetings of the board without its leave;
(c) if the director resigns the office of director by notice given by the director to the cooperative;
(d) if the director is removed from office by ordinary resolution of the cooperative;
(e) if the person ceases to hold the qualification because of which the person was qualified to be a director;
(f) if an administrator of the cooperative's affairs is appointed under division 12.5.