Section 601JJ — Corporations Act 2001 (Cth)

(1) A member of a scheme’s compliance committee must disclose to the committee a direct or indirect pecuniary interest that they have in a matter being considered, or about to be considered, by the committee if their interest could conflict with the proper performance of their duties in relation to the consideration of the matter.

(2) A disclosure under subsection (1) must occur at the first meeting of the committee after the relevant facts have come to the member’s knowledge and must be recorded in the minutes of the meeting.

Related sections

• s 601JF — When can responsible entity indemnify compliance committee members?
• s 601JG — When can responsible entity pay insurance premiums for compliance committee members?
• s 601JH — Proceedings of compliance committee
• s 601KA — Members’ rights to withdraw
• s 601KB — Non‑liquid schemes—offers
• s 601KC — Non‑liquid schemes—only one withdrawal offer to be open at any time

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