1(1)The appointment of a person to hold office as the Commissioner shall be for a term not exceeding five years; but previous appointment to that office shall not affect eligibility for re-appointment.
(2)The Secretary of State may remove any person from the office of Commissioner if he is satisfied—
(a)that that person has been adjudged bankrupt, that his estate has been sequestrated or that he has made a composition or arrangement with, or granted a trust deed for, his creditors;
(b)that that person is incapacitated by physical or mental illness; or
(c)that that person is otherwise unable or unfit to discharge his functions as the Commissioner.
(3)Subject to sub-paragraphs (1) and (2) above, the Commissioner shall hold and vacate office as such in accordance with the terms of his appointment.