20Termination of appointment

20 Termination of appointment

(1) If an appointed member of the Committee fails, without reasonable excuse, to comply with subsection (2), the Minister shall terminate the appointment. (2) A member of the Committee who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Committee, otherwise than as a member of, and in common with the other members of, an incorporated company that consists of more than 25 persons and of which he or she is not a director, 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 Committee. (3) A disclosure under subsection (2) shall be recorded in the minutes of the meeting.