Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A member of a Financial Services and Credit Panel (other than the Chair of the panel) who has or acquires any interest, pecuniary or otherwise, that conflicts or could conflict with the proper performance of the member's duties in a matter being considered or about to be considered by the panel must disclose the nature of the interest to the Chair of the panel.
(2) The disclosure must be made as soon as possible after the relevant facts have come to the member's knowledge.
(3) The disclosure must be recorded:
(a) if the disclosure is made at a meeting of the panel--in the minutes of that meeting; or
(b) otherwise--in the minutes of the next meeting of the panel after the disclosure is made.
(4) At a meeting of the panel after the disclosure is made, the member:
(a) must not be present during any deliberation by the panel on the matter; and
(b) must not take part in any decision of the panel with
respect to the matter.