Disclosure of material personal interest
30 Disclosure of material personal interest
A member of the Authority’s board of management who has a material personal interest in a matter being considered or about to be considered by the board must, as soon as possible after the relevant facts have come to the member’s knowledge, disclose the nature of the interest at a meeting of the board.
Penalty: a fine of $10 000.
A member of a committee appointed by the Authority’s board of management 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 member’s knowledge, disclose the nature of the interest at a meeting of the committee.
Penalty: a fine of $10 000.
Subsection (2) applies to a person who is a member of the committee and also a member of the Authority’s board of management even though the person has already disclosed the nature of the interest at a meeting of the board.
A disclosure under subsection (1) or (2) is to be recorded in the minutes of the meeting.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.