56Pecuniary interests of chief executive officer and members

56 Pecuniary interests of chief executive officer and members S. 56(1) amended by No. 24/2003 s. 77(a). (1) The chief executive officer must not, while he or she occupies that position, hold any direct or indirect pecuniary interest in any corporation, business or undertaking which is required to be licensed under this Act or the **Seafood Safety Act 2003**. (2) A member who has a pecuniary interest in a matter being considered by or about to be considered by the Authority must, as soon as practical after the relevant facts have come to the member's knowledge, declare the nature of that interest at a meeting of the Authority. S. 56(3) amended by No. 24/2003 s. 77(b). (3) Subsection (2) does not apply in the case of a member engaged in the meat industry or seafood industry if the interest is no greater than that of any other person so engaged. (4) The chairperson of a meeting at which a declaration is made under this section must cause a record of the declaration to be made in the minutes of the meeting. (5) Unless the Authority otherwise resolves, a member who has made a declaration under subsection (2) must not be present during any deliberation with respect to, or vote on, the matter in respect of which the declaration is made. S. 57 amended by No. 24/2003 s. 78, substituted by No. 44/2024 s. 26.