Queensland Consolidated Acts Queensland Consolidated Acts(1) A member must not hold, or be entitled, directly or indirectly, to the benefits of an interest in, a mining tenement.
(2) For subsection (1), a member is taken not to hold an interest in a mining tenement (other than a prospecting permit) if the member holds, or becomes entitled, directly or indirectly, to the benefits of, an interest in a mining tenement only because the member--
(a) is a beneficiary in a deceased estate; or
(b) is entitled to share in the profits of a public company.
(3) However, a member who has or acquires an entitlement or expectation of entitlement in a way mentioned in subsection (2)(a) must, on becoming aware of the entitlement or expectation, give written notice about the entitlement or expectation to--
(a) if the member is the president--the registrar; or
(b) if the member is not the president--the president.