Disclosure of conflicts of interest

Current

(1)

This section applies if the chief executive officer, or a close relative of the chief executive officer, has an interest that conflicts or may conflict with the proper performance of the chief executive officer’s functions.

(2)

The chief executive officer must, as soon as practicable, disclose the interest to—

(a)

if the matter is being considered or about to be considered by the board—the board; or

(b)

otherwise—the Minister.

Maximum penalty—100 penalty units.

This Act’s bill:Explanatory memorandum Second reading speech

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48 Disclosure of conflicts of interest