69LDisclosure of pecuniary interests

#### 69L Disclosure of pecuniary interests 69L Disclosure of pecuniary interests > > (1) A member must disclose the nature of a pecuniary interest at a meeting of the Board as soon as possible after the relevant facts have come to the member’s knowledge. > > > (2) A member has a pecuniary interest if— > > > > > (a) the member has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, at a meeting of the Board, and > > > > > (b) the interest appears to raise a conflict with the proper performance of the member’s duties in relation to the consideration of the matter. > > > (3) A disclosure is a sufficient disclosure of the nature of an interest in a matter relating to a company or other body, or to a person, that may arise after the date of the disclosure under subclause (1) if the disclosure is that the member— > > > > > (a) is a member, or is in the employment, of a specified company or other body, or > > > > > (b) is a partner, or is in the employment of, a specified person, or > > > > > (c) has some other specified interest relating to a specified company or other body, or to a specified person. > > > (4) Particulars of a disclosure made under this clause must be recorded by the Board in a book that is— > > > > > (a) kept for the purpose of recording disclosures, and > > > > > (b) open to inspection at all reasonable hours by a person on payment of the fee determined by the Board. > > > (5) After a member has disclosed the nature of an interest in a matter, the member must not, unless the Minister or the Board otherwise determines— > > > > > (a) be present during a deliberation of the Board about the matter, or > > > > > (b) take part in a decision of the Board about the matter. > > > (6) For the purposes of making a determination by the Board under subclause (5), a member who has a direct or indirect pecuniary interest in a matter to which the disclosure relates must not— > > > > > (a) be present during a deliberation of the Board for the purpose of making the determination, or > > > > > (b) take part in the making of the determination by the Board. > > > (7) A contravention of this clause does not invalidate a decision of the Board. > > **pt 6A, divs 1–3 (cll 69A–69O):** Ins 2021 No 47, Sch 2\[2\].