Australian Capital Territory Consolidated Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 89

    (1)     Within 3 months after the day a material interest is disclosed under section 88 (1), the chair of the governing board must report to the responsible Minister in writing about—

        (a)     the disclosure; and

        (b)     the nature of the interest disclosed; and

        (c)     any decision by the board under section 88 (2).

    (2)     The chair must also give the responsible Minister, not later than 31 days after the end of each financial year, a statement that sets out the information given to the Minister in reports under subsection (1) that relate to disclosures made during the previous financial year.

    (3)     The responsible Minister must give a copy of the statement to the relevant committee of the Legislative Assembly within 31 days after the day the Minister receives the statement.

    (4)     In this section:

"relevant committee" means—

        (a)     a standing committee of the Legislative Assembly nominated by the Speaker for subsection (3); or

        (b)     if no nomination under paragraph (a) is in effect—the standing committee of the Legislative Assembly responsible for public accounts.