Commonwealth Numbered Acts

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HIGHER EDUCATION ENDOWMENT FUND ACT 2007 (NO. 160, 2007) - SECT 43

Disclosure of interests

             (1)  This section applies to a member of the Advisory Board who has a material personal interest in a matter being considered, or about to be considered, by the Advisory Board.

             (2)  The member must, as soon possible after the relevant facts have come to the member's knowledge:

                     (a)  disclose the nature of the interest at a meeting of the Advisory Board; and

                     (b)  disclose the nature of the interest to the Education Minister.

             (3)  A disclosure under paragraph (2)(a) must be recorded in the minutes of the meeting.

             (4)  The Education Minister must terminate the appointment of a member of the Advisory Board if the member fails, without reasonable excuse, to comply with subsection (2).

             (5)  Subsection (4) does not limit subsection 40(3).



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