(1) If an Authority
member has a direct or indirect pecuniary interest in a matter that is, or is
to be, before a meeting of the Authority, the Authority member must disclose
the nature of the interest.
(1A) The disclosure
must —
(a) be
made as soon as possible after the relevant facts have come to the Authority
member’s knowledge; and
(b) be
made to the Authority prior to the meeting or, if that is not possible, be
made to the Authority members who are at the meeting; and
(c) be
recorded in the minutes of the proceedings of the meeting.
[(2) deleted]
(3) If an Authority
member has, in the opinion of the person presiding at a meeting of the
Authority, a direct or indirect pecuniary interest in a matter before that
meeting, the person so presiding may call on the Authority member to disclose
the nature of that interest and, in default of any such disclosure, may
determine that the Authority member has that interest.
(4) A determination
under subsection (3) that an Authority member is interested in a matter shall
be recorded in the minutes of the proceedings of the meeting concerned.
(5) If an Authority
member discloses an interest in a matter under subsection (1), or is
determined under subsection (3) to have an interest in a matter, the Authority
member cannot be present at the meeting for any consideration or discussion
of, or vote on, the matter.
[Section 12 amended: No. 54 of 2003 s. 124; No. 40
of 2020 s. 111(1); No. 36 of 2024 s. 7.]