Trade and Investment Queensland Act 2013

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 board meeting.

The disclosure must be recorded in the board’s minutes.

Unless the board otherwise directs, the member must not—

be present when the board considers the matter; or

take part in a decision of the board on the matter.

The member must not be present when the board is considering whether to give a direction under subsection (4).

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 whether to give a direction under subsection (4); or

take part in making the decision about giving the direction.

If—

because of this section, a member is not present at a board meeting for considering or deciding a matter, or for considering or deciding whether to give a direction under subsection (4); and

there would be a quorum if the member were present;

the remaining members present are a quorum of the board for considering or deciding the matter, or for considering or deciding whether to give the direction, at the meeting.

If there are no members who may remain present for considering or deciding a matter, the Minister may, by signing consent to a proposed resolution, consider and decide the matter.