PRODUCTIVITY COMMISSION ACT 1998 - SECT 43 Disclosure of interests

PRODUCTIVITY COMMISSION ACT 1998 - SECT 43

  (1)   The Chair must give written notice to the Minister of all direct and indirect pecuniary interests that he or she has or acquires in a business or in a body corporate carrying on a business.

  (2)   Subsection   (1) applies in addition to section   29 of the Public Governance, Performance and Accountability Act 2013 (which deals with the duty to disclose interests).

  (3)   If:

  (a)   the Chair has or acquires an interest of the kind mentioned in section   29 of the Public Governance, Performance and Accountability Act 2013 ; and

  (b)   the interest relates to affairs of the Commission the conducting of which results in a report or similar document;

the Chair must ensure that the interest is disclosed in the report or document.

  (4)   If the Chair becomes aware that a member has an interest of the kind mentioned in section   29 of the Public Governance, Performance and Accountability Act 2013 , the Chair must do one of the following:

  (a)   if the Chair considers that the member should not perform or continue to perform a function to which the interest relates, the Chair must give a direction to the member accordingly;

  (b)   if paragraph   (a) does not apply, the Chair must ensure that:

  (i)   the interest is disclosed in accordance with section   29 of the Public Governance, Performance and Accountability Act 2013 ; and

  (ii)   if the interest relates to affairs of the Commission the conducting of which results in a report or similar document--the interest is disclosed in the report or document.