New South Wales Consolidated Acts

REGISTERED CLUBS ACT 1976 - SECT 41C

41C Disclosure of interests in contracts

(1) A member of the governing body of a registered club (other than a co-operative) who has a material personal interest in a matter that relates to the affairs of the registered club must, as soon as practicable after the relevant facts have come to the member’s knowledge, declare the nature of the interest at a meeting of the governing body.

Maximum penalty: 50 penalty units.

(2) It is a defence to a prosecution for an offence against subsection (1) if the defendant establishes that:

(a) at the time of the alleged offence there were guidelines prescribed by the regulations and in force under section 41ZC, and

(b) those guidelines included provisions to the effect that the material personal interest concerned was not of a type that was required to be declared under that subsection.

(3) The provisions of sections 191 (2) and 192 of the Corporations Act 2001 of the Commonwealth apply to and in respect of a declaration under subsection (1) (with necessary modifications and as if those provisions were a law of this State) in the same way as they apply to and in respect of a notice under section 191 (1) of that Act.