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Electricity Retained Interest Corporations Act 2015
24Disclosure of interests
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24 Disclosure of interests
24 Disclosure of interests
(1) If a member of a Board has a material personal interest in a matter being considered, or about to be considered, by the Board, the member must disclose the nature of the interest to a meeting of the Board as soon as practicable after the relevant facts come to the member’s knowledge.
Maximum penalty—100 penalty units.
(2) The disclosure must be recorded in the Board’s minutes.