Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to a board member if--
(a) the member has an interest in a matter being considered, or about to be considered, by the board; and
(b) the interest could conflict with the proper performance of the member's duties about the consideration of the matter.
(2) As soon as practicable after the relevant facts come to the member's knowledge, the member must disclose the nature of the interest to a meeting of the board.
Maximum penalty--40 penalty units.
(3) Unless the board otherwise directs, the member must not--
(a) be present when the board considers the matter; or
(b) take part in a decision of the board about the matter.
Maximum penalty--40 penalty units.
(4) The member must not be present when the board is considering whether to give a direction under subsection (3).
Maximum penalty--40 penalty units.
(5) If there is another member who must, under subsection (2), also disclose an interest in the matter, the other person must not--
(a) be present when the board is considering whether to give a direction under subsection (3); or
(b) take part in making the decision about giving the direction.
Maximum penalty--40 penalty units.
(6) If--
(a) because of this section, a board member is not present at a board meeting for considering or deciding a matter, 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 members present are a quorum of the board for considering or deciding the matter, 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.
(8) If the member is a veterinary surgeon, the member does not have a direct or indirect interest in a matter if the interest arises merely because the member is a veterinary surgeon.