115Conflict of interests

115 Conflict of interests (1) A member of the Board must disclose any personal interest in any matter being considered, or about to be considered, by the Board or a committee of the Board. (2) The disclosure must: (a) be made before the matter is considered by the Board or committee; and (b) explain the nature and extent of the personal interest and how it relates to the matter; and (c) be recorded in the minutes of the Board or committee when the disclosure is made. (3) A member with a personal interest in a matter must not: (a) be present when the Board or committee considers the matter; or (b) take part in a decision of the Board or committee on the matter. (4) For this section, a member has a personal interest in a matter if the member: (a) has a direct or indirect financial interest in the matter; or (b) has a personal, professional, commercial or other relationship with a person and the nature of the relationship is likely to, or may reasonably be regarded as likely to, inhibit or prevent the member from exercising independent judgment about the matter; or (c) there is a reasonable possibility that the member's participation in the consideration of a matter will give an entity associated with the member a commercial advantage.

Electrical Safety Act 2022 69