45Disclosure of pecuniary interests by members

#### 45 Disclosure of pecuniary interests by members (1) Each member must tell the Minister in writing, as soon as practicable after the beginning of each financial year, of all direct or indirect pecuniary interests that the member has, or proposes to acquire, in a business or in a body corporate carrying on a business that could conflict with the member’s duties. (2) If a member does not have an interest of the kind mentioned in subregulation (1), the member must give a statement to that effect to the Minister. (3) If the member presiding at a meeting has a direct or indirect pecuniary interest in a matter that is to be considered at the meeting, the presiding member: (a) must disclose the interest to the other members present at the meeting; and (b) must not take part in the meeting during the consideration of that matter unless the other members present at the meeting agree that the presiding member may take part in the meeting. (4) If the presiding member is precluded from taking part in a meeting or part of a meeting because of paragraph (3)(b): (a) if the presiding member is the Chairperson and a Deputy Chairperson is present—the Deputy Chairperson must act in the place of the Chairperson for the duration of the Committee’s consideration of the matter; or (b) if: (i) the presiding member is the Chairperson and no Deputy Chairperson is present; or (ii) the Deputy Chairperson is the presiding member; the other members attending the meeting must elect a member who is present to act in the place of the presiding member for the duration of the Committee’s consideration of the matter. (5) If a member (other than the presiding member) has a direct or indirect pecuniary interest in a matter that is to be considered at a meeting, the member: (a) must disclose the interest to the presiding member at the commencement of the meeting; and (b) must not take part in the meeting during the consideration of that matter unless the presiding member allows the member to take part in the meeting. (6) The following matters must be recorded in the minutes of a meeting: (a) a disclosure made under subregulation (3) or (5); (b) an agreement under paragraph (3)(b); (c) consent of the presiding member under paragraph (5)(b).