Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a member of the Committee fails, without reasonable excuse, to comply with subsection ( 2), the Minister must terminate his or her appointment.
(2) A member of the Committee who has a direct or indirect pecuniary interest in a matter being considered by the Committee otherwise than as a member of, and in common with the other members of, an incorporated company that consists of more than 25 persons and of which he or she is not a director must, as soon as possible after the relevant facts have come to his or her knowledge, disclose the nature of his or her interest at a meeting of the Committee.
(3) A disclosure under subsection ( 2) must be recorded in the minutes of the meeting.