174Disclosure of interests

174 Disclosure of interests

(1) This section applies to a member of the EIF Advisory Board who has a material personal interest in a matter being considered, or about to be considered, by the EIF Advisory Board. (2) The member must, as soon possible after the relevant facts have come to the member’s knowledge: (a) disclose the nature of the interest at a meeting of the EIF Advisory Board; and (b) disclose the nature of the interest to the EIF designated Ministers. (3) A disclosure under paragraph (2)(a) must be recorded in the minutes of the meeting. (4) The EIF designated Ministers must terminate the appointment of a member of the EIF Advisory Board if the member fails, without reasonable excuse, to comply with subsection (2). (5) Subsection (4) does not limit subsection 170(5).