Disclosure of interests
22 Disclosure of interests
At the first meeting of the Board after a person becomes a member, he or she must disclose:
the name and a description of any body corporate, association, society or other body of which he or she is a member or an officer or by which he or she is employed;
the name and a description of any partnership of which he or she is a partner or by which he or she is employed;
any other interest he or she has in relation to a person or body that is likely to give rise to a conflict with his or her duties as member; and
any other information prescribed by the Regulations.
The disclosure is to be made in the manner determined by the
Board.
On a member making a disclosure in accordance with subsections (1) and (2), the member is taken to have given sufficient disclosure of any direct or indirect pecuniary interest of the member in relation to any matter that might be considered at a meeting of the Board or any thing that might be done by the Board after the disclosure.
If there is a change to information disclosed by the member or the member acquires new interests likely to give rise to a conflict with his or her duties as member, the member must vary his or her disclosure accordingly, in the manner determined by the Board –
at the first meeting of the Board after the change or acquisition; or
where the Board does not meet within 30 days after the change or acquisition – within that 30 day period.
A disclosure (as varied) remains effective during the member's term of office and any successive term of office held by the member.
The Board must:
keep a record of the particulars of all disclosures and variations of disclosures made under this section; and
make the record available at all reasonable times for inspection on payment of the fee (if any) determined by the Board for that purpose.
This provision refers to the regulations (prescribed by the Regulations
). Made under this Act:
This Act’s bill:Second reading speech
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