Document ID: chunk:federal_register_of_legislation:F2021L00183:reg:17
Version: federal_register_of_legislation:F2021L00183
Segment Type: reg
Provision Reference: reg 17
Character Range: 11792–13295

17      Duty of members to disclose interests

Application of section

(1)    This section applies if a member has a material personal interest that relates to the affairs of the Centre.

Disclosure of interest

(2)    The member must disclose details of the interest, orally or in writing, to each other member.

(3)    The disclosure must include details of:

(a)    the nature and extent of the interest; and

(b)    how the interest relates to the affairs of the Centre.

(4)    The member must make a disclosure at a meeting of the Board:

(a)    as soon as practicable after the member becomes aware of the interest; and

(b)    if there is a change in the nature or extent of the interest after the member discloses the interest under this section—as soon as practicable after the member becomes aware of the change.

(5)    The member must ensure that a disclosure is recorded in the minutes of the meeting.

Consequences of having interest

(6)    If a matter in which the member has an interest is being considered by the Board, the member must not:

(a)    be present while the matter is being considered at a meeting; or

(b)    vote on the matter.

(7)    However, if the members of the Board who do not have a material personal interest in the matter have decided that the member is not disqualified from being present or voting (or both), and the decision is recorded in the minutes of a meeting of the Board, the member may be present or vote (or both) in accordance with the decision.