69Duty of disclosure

69 Duty of disclosure

(1) For the purposes of section 118(2) of the Act, a person to whom that section applies must disclose an interest, in accordance with the Department's procedures for declaring conflicts of interest, if—

(a) the interest exceeds $1000 in value derived from exploration or mining operations in Victoria; or

(b) the interest (whether of a pecuniary nature or not) appears to raise a conflict with the person's responsibilities for the administration of the Act.

(2) A person who is required to disclose an interest under subregulation (1) must not perform or exercise any function or power under the Act in relation to the matter to which the interest relates unless the Minister authorises the person to do so.

(3) Subregulation (1) does not apply to any remuneration or allowance received by a person under the Act or the Public Administration Act 2004.

Under section 118(2) of the Act, a person who contravenes this regulation is liable to a penalty not exceeding 50 penalty units.