Public Governance, Performance and Accountability Rule 2014
The purpose of this section is to ensure that there are consistent requirements for how and when an official who is a member of the accountable authority of a Commonwealth entity must disclose material personal interests that relate to the affairs of the entity.
The official may also have to disclose interests in accordance with section 16A .
This section is made for paragraph 29(2)(b) of the Act.
An official of a Commonwealth entity who: (a) is a member of the accountable authority of the entity; and (b) has a material personal interest that relates to the affairs of the entity (other than an interest not required to be disclosed because of section 12 );
must disclose that interest, orally or in writing, to each other member of the accountable authority.
14(2)
The disclosure must include details of: (a) the nature and extent of the interest; and (b) how the interest relates to the affairs of the entity.
14(3)
The official must make the disclosure at a meeting of the members of the accountable authority: (a) as soon as practicable after the official becomes aware of the interest; and (b) if there is a change in the nature or extent of the interest after the official has disclosed the interest under this section - as soon as practicable after the official becomes aware of that change.
14(4)
The official must ensure that the disclosure is recorded in the minutes of the meeting.
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