Document ID: chunk:federal_register_of_legislation:C2022C00261:section:52:p5
Version: federal_register_of_legislation:C2022C00261
Segment Type: section
Provision Reference: s 52 (pt 5/48)
Character Range: 42988–45596

the appointment by writing signed by the person and delivered to the Minister.

Disclosure of Interests

7. (1) Each Trustee shall:
     (a) as soon as possible after, but in any case not later than 60 days after, appointment as a Trustee; and
     (b) as soon as possible after, but in any case not later than 60 days after, each anniversary of the Trustee's appointment as a Trustee,
present to a meeting of CSC a statement in writing setting out particulars of those interests, whether pecuniary or otherwise and whether direct or indirect, of the Trustee as at the day of appointment or as at that anniversary, as the case requires, that could reasonably be expected to conflict with the proper performance by the Trustee of the Trustee's duties as a Trustee.

(2) A statement presented by a Trustee to a meeting of CSC in pursuance of subclause (1) shall be incorporated into the minutes of the meeting.

(3) Where a Trustee acquires an interest, whether pecuniary or otherwise and whether direct or indirect, that could reasonably be expected to conflict with the proper performance by the Trustee of the Trustee's duties as a Trustee and a statement containing particulars of the interest has not been given to a meeting of CSC in accordance with subclause (1), the Trustee shall, as soon as possible after acquiring that interest, present to a meeting of CSC a statement in writing setting out particulars of the interest and the statement shall be incorporated in the minutes of the meeting.

(4) A Trustee who has a direct or indirect pecuniary interest in a matter being considered by CSC shall, as soon as possible after the relevant facts have come to the Trustee's knowledge, disclose the nature of the Trustee's interest at a meeting of CSC.

(5) A disclosure under subclause (4) shall be recorded in the minutes of the meeting of CSC and the Trustee shall not, unless CSC or the Minister otherwise determines:
     (a) be present during any deliberation of CSC with respect to that matter; or
     (b) take part in any decision of CSC with respect to that matter.

(6) For the purpose of the making of a determination by CSC under subclause (5) in relation to a Trustee who has made a disclosure under subclause (4), a Trustee who has a direct or indirect pecuniary interest in the matter to which the disclosure relates shall not:
     (a) be present during any deliberation of CSC for the purpose of making the determination; or
     (b) take part in the making by CSC of the determination.

(7) Where a Trustee is obliged by subclause (4) to disclose the nature of an interest at a meeting