Document ID: chunk:federal_register_of_legislation:C2023A00005:clause:1_3:p4
Version: federal_register_of_legislation:C2023A00005
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 4/5)
Character Range: 10167–12842

of interests to the Minister
  A member of the *AEA Advisory Board must give written notice to the Minister of any direct or indirect pecuniary interest that the member has or acquires and that conflicts or could conflict with the proper performance of the member's functions.

42‑55  Disclosure of interests to the AEA Advisory Board
 (1) A member of the *AEA Advisory Board who has an interest, pecuniary or otherwise, in relation to either of the following must disclose the nature of the interest to a meeting of the AEA Advisory Board:
 (a) a decision by the AEA Advisory Board to recommend, or not recommend, approval of a grant under the *Australia's Economic Accelerator program;
 (b) another matter being considered or about to be considered by the AEA Advisory Board.
 (2) The disclosure must be made as soon as possible after the relevant facts have come to the member's knowledge.
 (3) The disclosure must be recorded in the minutes of the meeting of the *AEA Advisory Board.
 (4) Unless the *AEA Advisory Board determines otherwise, the member:
 (a) must not be present during any deliberation by the AEA Advisory Board on the matter; and
 (b) must not take part in any decision of the AEA Advisory Board with respect to the matter.
 (5) For the purposes of making a determination under subsection (4), the member:
 (a) must not be present during any deliberation of the *AEA Advisory 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 *AEA Advisory Board.

42‑60  Resignation
 (1) A member of the *AEA Advisory Board may resign the member's appointment by giving the Minister a written resignation.
 (2) The resignation takes effect on the day it is received by the Minister or, if a later day is specified in the resignation, on that later day.

42‑65  Termination
  The Minister may terminate the appointment of a member of the *AEA Advisory Board for misbehaviour, or if any of the following applies:
 (a) the member is unable to perform the duties of the member's office because of physical or mental incapacity;
 (b) the member:
 (i) becomes bankrupt; or
 (ii) applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or
 (iii) compounds with the member's creditors; or
 (iv) makes an assignment of the member's remuneration for the benefit of the member's creditors;
 (c) the member is absent, except on leave of absence, from 3 consecutive meetings of the AEA Advisory Board;
 (d) the member fails, without reasonable excuse, to comply with section 42‑50 or 42‑55 (which