Disclosure of interests
34 Disclosure of interests
(1) If a member has a direct or indirect interest in a matter being considered, or about to be considered, by the Corporation, the member must disclose the nature of the interest in a meeting as soon as practicable after the relevant facts come to the member's knowledge.
The disclosure must be recorded in the Corporation's minutes.
(3) Subject to a resolution of the Corporation to the contrary, the member:
(a) must not, while the member has the interest, take part in any deliberation or decision of the Corporation relating to the matter; and
(b) must be disregarded for constituting the quorum of the Corporation for any deliberation or decision of the Corporation relating to the matter.
(4) The Corporation must maintain a register of the interests of the members.
This Act’s bill:Explanatory statementSecond reading speech
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