Disclosure of interest
11 Disclosure of interest
A member of the Board who has a direct or pecuniary interest in a contract or other matter being dealt with by the Board must disclose the nature of that interest at a meeting of the Board as soon as possible after becoming aware of the interest.
A member of the Board who holds an office or possesses property as a result of which, directly or indirectly, duties or interests may be created in conflict with the member's duties as a member, must disclose that fact at a meeting of the Board as soon as possible after becoming aware of the potential conflict.
Sch. 2 cl. 11(3) amended by No. 74/2000 s. 3(Sch. 1 item 146.2).
The person presiding at a meeting at which a disclosure under this clause is made must cause that disclosure to be recorded in the minutes of the meeting.
A person who has made a disclosure under this clause must not take any further part in the discussion of or vote on the contract or other matter to which the disclosure relates.
This Act’s bill:Second reading speech
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