CTHRepealedAct
Australian Securities and Investments Commission Act 1989
211Disclosure of interests
Start here
Get a plain-English read of 211
Turn the raw legal text into a practical explanation grounded in Australian Securities and Investments Commission Act 1989.
#### 211 Disclosure of interests
(1) For the purposes of this section, member includes a deputy of a member.
(2) A member who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Disciplinary Board shall, as soon as possible after the relevant facts have come to his or her knowledge, disclose the nature of his or her interest at a meeting of the Disciplinary Board.
(3) A disclosure under subsection (2) shall be recorded in the minutes of the meeting of the Disciplinary Board and the member shall not, unless the Minister or the Disciplinary Board otherwise determines:
(a) be present during any deliberation of the Disciplinary Board with respect to that matter; or
(b) take part in any decision of the Disciplinary Board with respect to that matter.
(4) For the purpose of the making of a determination by the Disciplinary Board under subsection (3) in relation to a member who has made a disclosure under subsection (2), a member who has a direct or indirect pecuniary interest in the matter to which the disclosure relates shall not:
(a) be present during any deliberation of the Disciplinary Board for the purpose of making the determination; or
(b) take part in the making by the Disciplinary Board of the determination.