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Section 10: Declaration of interest

Fishermen Investment Trust Act

consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

10. Declaration of interest (1) Every member shall, within 15 days of his appointment or election, submit to the Minister a written statement of any interest he has in the fisheries sector. (2) The Chief Executive Officer and every other employee shall, within 15 days of their appointment, submit to the Board a written statement of any interest he has in the fisheries sector. (3) Where— (a) a member acquires an interest in the fisheries sector; or (b) the Chief Executive Officer or another employee acquires an interest in the fisheries sector, he shall, within 15 days of the acquisition, give written notice of the fact to the Minister or to the Board, as the case may be. (4) The Minister may remove from office any member who has submitted a statement under subsection (1) or a notice under subsection (3) where— (a) the Minister considers that there is a serious likelihood of conflict of interest; or (b) the statement or notice contains any information which is false in a material particular. (5) A member who has any direct or indirect interest in any matter about to be considered or being considered by the Board shall forthwith, or as soon as practicable after the relevant facts have come to his knowledge, disclose in writing the nature of the interest to the Board and shall not be present during any deliberation of, or take part in any decision of, the Board with respect to that matter.

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