Document ID: chunk:federal_register_of_legislation:C2025A00017:clause:3_359ci
Version: federal_register_of_legislation:C2025A00017
Segment Type: clause
Provision Reference: sch 3 cl 359CI
Character Range: 251050–252530

359CI  Disclosure of interests
 (1) This section applies in relation to a Board member who is one of the Board members who constitute, or are deemed to constitute, the Board for the purposes of a review by the Board under Part 4 of Chapter 8.
 (2) If the Board member has or acquires an interest, pecuniary or otherwise, that could conflict with the proper performance of the Board member's functions in relation to the review, the Board member must disclose the interest to the applicant in the review and to the Commission.
 (3) The disclosure must be made as soon as possible after the relevant facts have come to the Board member's knowledge.
 (4) The Board member must not take part in the review, or exercise any powers in relation to the review, unless the applicant in the review, and the Commission, consent to the Board member doing so.
 (5) If the Principal Member becomes aware that the Board member has or acquires an interest, pecuniary or otherwise, that could conflict with the proper performance of the Board member's functions in relation to the review:
 (a) if the Principal Member considers that the Board member should not take part, or should not continue to take part, in the review—the Principal Member must give a direction to the Board member accordingly; or
 (b) in any other case—the Principal Member must cause the interest of the Board member to be disclosed to the applicant in the review and to the Commission.

Division 2—Procedures of the Board