14Disclosure of interests

14 Disclosure of interests

(1) The Chairman shall give written notice to the Minister of all direct and indirect pecuniary interests that he has or acquires in any business carried on in Australia or in any body corporate carrying on any such business. (2) Where the Chairman has or acquires an interest, pecuniary or otherwise, that could conflict with the proper performance of his functions during a meeting, the interest shall be disclosed in the report resulting from the meeting. (3) Where a member (other than the Chairman) has or acquires an interest, pecuniary or otherwise, that could conflict with the proper performance of his functions during a meeting:

(a) he shall disclose the interest to the Chairman;

(b) except with the consent of the Chairman, he shall not take part, or continue to take part, in the meeting; and

(c) if he takes part, or continues to take part, in the meeting‑the interest shall be disclosed in the report resulting from the meeting.

(4) Where the Chairman becomes aware that a member (other than the Chairman) has, in relation to a matter that is, or is to be, considered at a meeting, an interest of the kind referred to in subsection (3):

(a) if the Chairman considers that the member should not take part, or should not continue to take part, in the meeting‑he shall give a direction to the member accordingly; or

(b) in any other case‑the interest of the member shall be disclosed in the report resulting from the meeting.

(5) In this section, meeting includes:

(a) an inquiry; and

(b) a part of a meeting or of an inquiry.