sec.38Disclosure of interests by members

sec.38 Disclosure of interests by members

If a member has a direct or indirect 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. The disclosure must be recorded in the board’s minutes. s 38 sub 1997 No. 79 s 16 (sec.38-ssec.1) If a member has a direct or indirect 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. (sec.38-ssec.2) The disclosure must be recorded in the board’s minutes.