Disclosure of interests
22 Disclosure of interests
This section applies to a member if—
the member has a direct or indirect financial or personal interest in a matter being considered, or about to be considered, by the board; and
the interest could conflict with the proper performance of the member’s duties about the consideration of the matter.
As soon as practicable after the relevant facts come to the member’s knowledge, the member must disclose the nature of the interest to a meeting of the board.Maximum penalty—100 penalty units.
The disclosure must be recorded in the board’s minutes.
Unless the board otherwise decides, the member must not—
be present when the board considers the matter; or
take part in a decision of the board on the matter.
Maximum penalty—100 penalty units.
The member must not be present when the board is considering the decision.Maximum penalty—100 penalty units.
Another member who also has a direct or indirect financial or personal interest in the matter must not—
be present when the board is considering the decision; or
take part in making the decision.
Maximum penalty for subsection (6)—100 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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