(1) A scheme may terminate or suspend a member on any of the following grounds only:
(a) failure to pay contribution within ,the stipulated time;
(b) submission of false or fraudulent claim;
(c) commission of any act of fraud in relation to the scheme; or
(d) Non-disclosure of material information requested by the scheme.
(2) The Regulations may provide further for matters relating to termination or suspension of members of schemes.