sec.29ZJDisclosure of interests

sec.29ZJ Disclosure of interests

This section applies if— a board member has a direct or indirect interest in a matter being considered, or about to be considered, at a meeting; and the interest could conflict with the proper performance of the member’s duties about the consideration of the matter. As soon as practicable after the relevant facts come to the board member’s knowledge, the member must disclose the nature of the interest at a meeting. Particulars of the disclosure must be recorded by the board in a register of interests kept for the purpose. Unless the board otherwise directs, the board member must not— be present when the board considers the matter; or take part in a decision of the board about the matter. The board member must not be present when the board is considering whether to give a direction under subsection (4) . A contravention of this section does not invalidate a decision of the board. However, if the board becomes aware the board member contravened this section, the board must reconsider a decision made by the board in which the member took part in contravention of this section. s 29ZJ ins 2020 No. 2 s 23 (sec.29ZJ-ssec.1) This section applies if— a board member has a direct or indirect interest in a matter being considered, or about to be considered, at a meeting; and the interest could conflict with the proper performance of the member’s duties about the consideration of the matter. (sec.29ZJ-ssec.2) As soon as practicable after the relevant facts come to the board member’s knowledge, the member must disclose the nature of the interest at a meeting. (sec.29ZJ-ssec.3) Particulars of the disclosure must be recorded by the board in a register of interests kept for the purpose. (sec.29ZJ-ssec.4) Unless the board otherwise directs, the board member must not— be present when the board considers the matter; or take part in a decision of the board about the matter. (sec.29ZJ-ssec.5) The board member must not be present when the board is considering whether to give a direction under subsection (4) . (sec.29ZJ-ssec.6) A contravention of this section does not invalidate a decision of the board. (sec.29ZJ-ssec.7) However, if the board becomes aware the board member contravened this section, the board must reconsider a decision made by the board in which the member took part in contravention of this section.

• (a) a board member has a direct or indirect interest in a matter being considered, or about to be considered, at a meeting; and
• (b) the interest could conflict with the proper performance of the member’s duties about the consideration of the matter.
• (a) be present when the board considers the matter; or
• (b) take part in a decision of the board about the matter.