Document ID: chunk:federal_register_of_legislation:C2025C00116:section:116
Version: federal_register_of_legislation:C2025C00116
Segment Type: section
Provision Reference: s 116
Character Range: 187964–189267

116  Disclosure of interests
 (1) A member who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Authority must, as soon as possible after the relevant facts have come to his or her knowledge, disclose the nature of the interest at a meeting of the Authority.
Note: The Chairperson also has a duty to disclose interests under section 29 of the Public Governance, Performance and Accountability Act 2013.
 (2) A disclosure must be recorded in the minutes of the meeting of the Authority and the member must not, unless the Minister or the Authority otherwise determines:
 (a) be present during any deliberation of the Authority with respect to that matter; or
 (b) take part in any decision of the Authority with respect to that matter.
 (3) For the purpose of making a determination by the Authority under subsection (2) in relation to a member who has made a disclosure, a member who has a direct or indirect pecuniary interest in the matter to which the disclosure relates must not:
 (a) be present during any deliberation of the Authority for the purpose of making the determination; or
 (b) take part in the making by the Authority of the determination.
 (4) In this section:
member includes a person who is acting in the office of a member.