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PETROLEUM REGULATIONS 2011 (SR NO 30 OF 2011) - REG 26

Duty of disclosure of pecuniary interest

    (1)     For the purposes of section 243 of the Act, an officer must give a pecuniary interest statement of any change in a reportable interest, and any new reportable interest, to the Minister within 30 days after becoming aware of the change or interest.

    (2)     An officer must not perform or exercise any function or power under the Act in relation to a matter to which a reportable interest relates unless the Minister authorises her or him to do so.

Penalty:     20 penalty units.



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