SCHEDULE 4 - Membership of Boa SCHEDULE 4 - Membership of Board

Section 49 (6)

1.   Interpretation

In this Schedule, member means a member of the Board.

2.   Period of appointment

A member is to be appointed for a period, not exceeding 5 years, specified in the member's instrument of appointment.

3.   Holding other office

The holder of an office who is required under any Act to devote the whole of the time to the duties of that office is not disqualified from –

(a) holding that office and also the office of a member; or

(b) accepting any remuneration payable to a member.

4.   Remuneration

A member is entitled to be paid any remuneration (including travelling and subsistence allowances) the Minister determines.

5.   Disclosure of interests

(1) If a member has or acquires an interest that would conflict with the proper performance of the member's functions in relation to a matter being considered or about to be considered by the Board, the member must disclose the nature of that interest at a meeting of the Board.

(2) A disclosure under subclause (1) is to be recorded in the minutes of the meeting of the Board and the member, unless the Board otherwise determines, must not –

(a) be present during any deliberation of the Board with respect to that matter; or

(b) take part in any decision of the Board with respect to that matter.

(3) For the purpose of making a determination by the Board under subclause (2) , a member who has a direct or indirect pecuniary interest in the matter to which the disclosure relates must not take part in making the determination.