Disclosure of interest
30 Disclosure of interest
A relevant member who has a material personal interest in a matter being considered or about to be considered by the Committee must, as soon as possible after the relevant facts have come to the relevant member’s knowledge, disclose the nature and extent of the interest to the Committee.
Penalty for this subregulation: a fine of $1 000.
A member of a subcommittee who has a material personal interest in a matter being considered or about to be considered by the subcommittee must, as soon as possible after the relevant facts have come to the member’s knowledge, disclose the nature and extent of the interest to the subcommittee.
Penalty for this subregulation: a fine of $1 000.
Subregulation (2) applies to a person who is a member of a subcommittee and also a relevant member even if the person has already disclosed the nature of the interest to the Committee.
If a relevant member, or a member of a subcommittee, has a material personal interest in a matter being considered or about to be considered by the Committee or a subcommittee, as is relevant, a chairperson, or, if relevant, a person presiding at a meeting where the matter is being considered or about to be considered, may call on the member to disclose the nature and extent of the interest and, in default of any such disclosure, may determine that the member has the interest.
A disclosure under subregulation (1) or (2) or a determination under subregulation (4) must be made at, and recorded in the minutes of —
the meeting in which the matter is being considered or about to be considered; or
if there is no such meeting, the next meeting of the Committee or the subcommittee, as is relevant.
[Regulation 30 inserted: SL 2023/173 r. 15.]
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