12(1)The Commissioner—U.K.
(a)is to hold office for a term of five years; but
(b)may resign at any time by notice in writing given to the Secretary of State.
(2)The Secretary of State may dismiss the Commissioner—
(a)on the ground of incapacity or misconduct; or
(b)if he is satisfied—
(i)that he has been convicted of a criminal offence; or
(ii)that a bankruptcy order has been made against him, or his estate has been sequestrated, or he has made a composition or arrangement with, or granted a trust deed for, his creditors.
(3)The Commissioner is eligible for re-appointment when his term of office ends.