CTHRepealedAct
Australian Securities and Investments Commission Act 1989
125Notification of interests to Commission
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#### 125 Notification of interests to Commission
(1) This section has effect where a person, in the course of:
(a) performing functions or services as a staff member (otherwise than as a person appointed or engaged under the Public Service Act 1999);
(b) performing a function, or exercising a power, as a Commission delegate; or
(c) performing functions or services by way of assisting a Commission delegate;
is required to consider a matter in which the person has a direct or indirect pecuniary or other interest that could involve a conflict with the proper performance or exercise by the person of those functions, services or powers.
(2) The person shall forthwith give to the Commission a written notice:
(a) stating that he or she is required to consider the matter and has an interest in it; and
(b) setting out particulars of the interest.
(3) The person shall do whatever is necessary to avoid the conflict referred to in subsection (1).
Penalty: 50 penalty units or imprisonment for 12 months, or both.