Commonwealth Numbered Acts

INDUSTRIES ASSISTANCE COMMISSION ACT 1973 No. 169 of 1973 - SECT 20

20. (1) The Chairman shall give written notice to the Minister of all direct
and indirect pecuniary interests that he has or acquires in any business
carried on in Australia or in any body corporate carrying on any such
business.

(2) Where a Commissioner (other than the Chairman) or an Associate
Commissioner has or acquires any direct or indirect pecuniary interest in any
business carried on in Australia, or in any body corporate carrying on any
such business, being an interest that could be in conflict with his duties as
a Commissioner or Associate Commissioner, he shall, to the best of his
knowledge, disclose that interest to the Chairman.

(3) A Commissioner shall not exercise any power by this Act conferred upon him
in any matter in which he has a direct or indirect pecuniary interest unless
his interest-

   (a)  is recorded in the minutes, and

   (b)  is disclosed in any report in which he participates.