Document ID: chunk:federal_register_of_legislation:C2022C00255:section:70
Version: federal_register_of_legislation:C2022C00255
Segment Type: section
Provision Reference: s 70
Character Range: 52139–53159

70  Disclosure of interests to 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 otherwise determines, 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) For the purposes of making a determination under subsection (4), the Board member:
 (a) must not be present during any deliberation of the 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 Board.