(1) If a Commissioner has an interest, pecuniary or otherwise, in a matter being considered, or about to be considered, at a meeting, the Commissioner must disclose the nature of that interest to the other Commissioners.
(2) The disclosure must be made as soon as possible after the relevant facts have come to the Commissioner's knowledge.
(3) The disclosure must be recorded in the minutes of the meeting.
(4) Unless TEQSA otherwise determines, the Commissioner:
(a) must not be present during TEQSA's deliberation on the matter; and
(b) must not take part in TEQSA's decision on the matter.
(5) For the purposes of TEQSA making a determination under subsection (4), the Commissioner:
(a) must not be present during any of TEQSA's deliberations 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.