Queensland Consolidated Acts

HOSPITALS FOUNDATIONS ACT 1982 - SECT 25

(1) If—

(a) a member of a body corporate has a personal interest, or a direct or indirect pecuniary interest, in a matter being considered, or about to be considered, by the body corporate; and

(b) the interest could conflict with the proper performance of the member's duties in relation to consideration of the matter;

the member must, as soon as practicable after the relevant facts come to the member's knowledge, disclose the nature of the interest to a meeting of the body corporate.

(2) A disclosure under subsection (1) must be recorded in the minutes of the meeting and, unless the body corporate otherwise determines, the member must not—

(a) be present during any deliberation of the body corporate in relation to the matter; or

(b) take part in any decision of the body corporate in relation to the matter.

(3) For the purpose of the making of a determination by the body corporate under subsection (2) in relation to the member, the member or another member who has a personal interest, or a direct or indirect pecuniary interest, in the matter to which the disclosure relates must not—

(a) be present during any deliberation of the body corporate for the purpose of making the determination; or

(b) take part in the making by the body corporate of the determination.