Disclosure of material personal interest
20 Disclosure of material personal interest
A Committee 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 member’s knowledge, disclose the nature of the interest to the Committee.
Penalty for this subregulation: a fine of $1 000.
If the Committee member discloses the interest at a meeting, the Committee must ensure that the disclosure is recorded in the minutes of the meeting.
If the Committee member discloses the interest at a time other than at a meeting, the Committee must ensure that the disclosure is recorded in the minutes of the next meeting.
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