Economic Regulation Authority Act 2003

A member must inform the Minister in writing of —

any direct or indirect interest that the member has or acquires in any business, or in any body corporate carrying on business, in Australia or elsewhere; or

any other direct or indirect interest that the member has or acquires that conflicts or may conflict with the member’s duties.

The Minister may —

direct the member to resolve a conflict between a direct or indirect interest and a duty of the member in relation to a particular matter; and

if the conflict is not resolved to the Minister’s satisfaction, disqualify the member from acting in relation to the matter.