The Principal Commissioner or a Commissioner ceases to hold office if he or she—
(a) resigns by notice delivered to the Minister; or
(b) becomes an insolvent under administration; or
(c) is convicted of—
(i) an indictable offence; or
(ii) an offence that, if committed in Victoria, would be an indictable offence; or
(d) nominates for election for the Parliament of Victoria or of the Commonwealth or of another State or a Territory of the Commonwealth; or
(e) is removed from office under section 16.