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LEGAL PROFESSION ACT 2007 - SECT 674 Disclosure of interests

LEGAL PROFESSION ACT 2007 - SECT 674

Disclosure of interests

674 Disclosure of interests

(1) This section applies to a board member (the
"interested person" ) if—
(a) the interested person has a direct or indirect interest in an issue being considered, or about to be considered, by the board; and
(b) the interest could conflict with the proper performance of the person’s duties about the consideration of the issue.
(2) After the relevant facts come to the interested person’s knowledge, the person must disclose the nature of the interest to a board meeting.
(3) Unless the board otherwise directs, the interested person must not—
(a) be present when the board considers the issue; or
(b) take part in a decision of the board about the issue.
(4) The interested person must not be present when the board is considering whether to give a direction under subsection (3) .
(5) If there is another person who must, under subsection (2) , also disclose an interest in the issue, the other person must not—
(a) be present when the board is considering whether to give a direction under subsection (3) about the interested person; or
(b) take part in making the decision about giving the direction.
(6) If—
(a) because of this section, a board member is not present at a board meeting for considering or deciding an issue, or for considering or deciding whether to give a direction under subsection (3) ; and
(b) there would be a quorum if the member were present;
the remaining persons present are a quorum of the board for considering or deciding the issue, or for considering or deciding whether to give the direction, at the meeting.
(7) A disclosure under subsection (2) must be recorded in the board’s minutes.