Document ID: chunk:federal_register_of_legislation:F2025C00077:reg:14
Version: federal_register_of_legislation:F2025C00077
Segment Type: reg
Provision Reference: reg 14
Character Range: 41959–43504

14  Officials who are members of the accountable authority—how and when to disclose interests

      Guide to this section
      The purpose of this section is to ensure that there are consistent requirements for how and when an official who is a member of the accountable authority of a Commonwealth entity must disclose material personal interests that relate to the affairs of the entity.
      The official may also have to disclose interests in accordance with section 16A.
      This section is made for paragraph 29(2)(b) of the Act.
 (1) An official of a Commonwealth entity who:
 (a) is a member of the accountable authority of the entity; and
 (b) has a material personal interest that relates to the affairs of the entity (other than an interest not required to be disclosed because of section 12);
must disclose that interest, orally or in writing, to each other member of the accountable authority.
 (2) 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 entity.
 (3) The official must make the disclosure at a meeting of the members of the accountable authority:
 (a) as soon as practicable after the official becomes aware of the interest; and
 (b) if there is a change in the nature or extent of the interest after the official has disclosed the interest under this section—as soon as practicable after the official becomes aware of that change.
 (4) The official must ensure that the disclosure is recorded in the minutes of the meeting.