2009 Annual Report
In its 8th annual report, the Standards Commission recommended that liabilities should be declared by public representatives and public servants in their annual statements of interests. The Ethics Acts at present provide for annual disclosure of 'registrable interests', but this does not include liabilities. The Standards Commission believes that a public representative or public servant who has significant liabilities to, for example, a financial institution, could be materially influenced in the course of performing their duties where such duties involve dealing with that financial institution and where the actions of the public servant could conceivably affect their own interests.
The Commission maintained that it is in the public interest that such liabilities be appropriately disclosed. Accordingly, the Standards Commission recommended that the ethics legislation be amended to provide that a liability above a certain threshold be regarded as a registrable interest
The report can be viewed online or downloaded from the website.