Commonwealth Consolidated Acts

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PUBLIC LENDING RIGHT ACT 1985 - SECT 15

Disclosure of interests

  (1)   A member who has a direct or indirect pecuniary interest in a matter being considered by the Committee shall, as soon as possible after the relevant facts have come to the member's knowledge, disclose the nature of the interest at a meeting of the Committee.

  (2)   A disclosure under subsection   (1) shall be recorded in the minutes of the meeting of the Committee and the member shall not, unless the Minister or the Committee otherwise determines:

  (a)   be present during any deliberation of the Committee with respect to that matter; or

  (b)   take any part in any decision of the Committee with respect to that matter.

  (3)   For the purposes of the making of a determination by the Committee under subsection   (2) in relation to a member who has made a disclosure under subsection   (1), a member who has a direct or indirect pecuniary interest in the matter to which the disclosure relates shall not:

  (a)   be present during any deliberation of the Committee for the purposes of making the determination; or

  (b)   take part in the making by the Committee of the determination.



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