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1(1)Subject to the following provisions of this paragraph, the Independent Assessor shall hold and vacate office in accordance with the terms of his appointment.
(2)The Independent Assessor shall be appointed for a term not exceeding three years.
(3)The Independent Assessor may at any time resign his office by notice in writing addressed to the Secretary of State.
(4)The Secretary of State may remove the Independent Assessor from office—
(a)if he has without reasonable excuse failed to carry out his duties for a continuous period of six months or more;
(b)if he has been convicted of a criminal offence;
(c)if a bankruptcy order has been made against him, his estate has been sequestrated or he has made a composition or arrangement with, or granted a trust deed for, his creditors; or
(d)if the Secretary of State is satisfied that he is otherwise unable or unfit to perform his functions.
(5)At the end of a term of appointment the Independent Assessor shall be eligible for re-appointment.