Document ID: chunk:federal_register_of_legislation:C2024C00561:section:55j
Version: federal_register_of_legislation:C2024C00561
Segment Type: section
Provision Reference: s 55J
Character Range: 137253–138245

55J  Disclosure of interests to the Board
 (1) A Board member who has an interest, pecuniary or otherwise, in a matter being considered or about to be considered by the Board must disclose the nature of the interest to a meeting of the Board.
 (2) The disclosure must be made as soon as possible after the relevant facts have come to the Board member's knowledge.
 (3) The disclosure must be recorded in the minutes of the meeting of the Board.
 (4) Unless the Board determines otherwise, the Board member:
 (a) must not be present during any deliberation by the Board on the matter; and
 (b) must not take part in any decision of the Board with respect to the matter.
 (5) In addition, the Board member:
 (a) must not be present during any deliberation of the Board for the purpose of making a determination under subsection (4); 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 Board.