Document ID: chunk:federal_register_of_legislation:F2025L00277:reg:16
Version: federal_register_of_legislation:F2025L00277
Segment Type: reg
Provision Reference: reg 16
Character Range: 12288–13493

16  Disclosure of interests to the Board
 (1) A Board member who has an interest, pecuniary or otherwise, in a matter being considered, or about to be considered, by the Board in a review conducted under section 46 of the Act must disclose the nature of the interest to the Board.
 (2) The disclosure must be made as soon as possible after the relevant facts have come to the Board member's knowledge.
 (3) The disclosure must be recorded:
 (a) if the disclosure is made at a meeting of the Board—in the minutes of that meeting; or
 (b) otherwise—in the minutes of the next meeting of the Board after the disclosure is made.
 (4) Unless the Board otherwise determines, the Board member:
 (a) must not be present during any deliberation by the Board on the matter; and
 (b) must not take part in any decision of the Board with respect to the matter.
 (5) For the purposes of making a determination under subsection (4), the Board member:
 (a) must not be present during any deliberation of the Board for the purpose of making the determination; and
 (b) must not take part in making the determination.
 (6) A determination under subsection (4) must be recorded in the minutes of the meeting of the Board.