Barrier Reef board members have no conflict of interest

TWO board members of the Great Barrier Reef Marine Park Authority have been cleared of having conflicts of interest, an Abbott Government inquiry has found.

The inquiry, ordered by Environment Minister Greg Hunt last year, has cleared GBRMPA board members Jon Grayson and Tony Mooney of having a material conflict of interest.

Potential conflicts were reported by the ABC last year, related to Mr Grayson's defunct interest in a company connected to Eddie Obeid Jnr and Mr Mooney's role on a mining company.

Both Mr Grayson, a senior Queensland Government official, and Mr Mooney, the former Mayor of Townsville, had maintained they had no real conflicts.

The inquiry found the allegations of conflicts were "unfounded", Mr Hunt said in a statement on Monday.

Mr Hunt said the inquiry found that both board members had "at no time breached their public duty" related to their roles on the board.

The inquiry, he said, found both men appropriately disclosed their financial and personal interests and the interests were not "considered real or apparent conflicts of interest" under the public service code of conduct.

Mr Hunt said the inquiry had recommended the authority take "no further action in this matter".