New South Wales Repealed Regulations

This legislation has been repealed.

CO-OPERATIVES REGULATION 1997 - REG 14A

14A Certain interests need not be declared

(1) For the purposes of section 241 (d) of the Act, the following classes of contracts are prescribed in relation to a person who is a director of a co-operative:

(a) contracts made with or for the benefit of, or on behalf of, a body corporate of which the person (or an associate or relative of the person) is an officer or a shareholder, being a body corporate that is a related body corporate of the co-operative of which the person is a director, and

(b) contracts that are variations of a contract referred to in paragraph (a).

(2) In this clause:
"relative" of a person means:

(a) the spouse of the person,

(b) the other party to a de facto relationship with the person (within the meaning of the De Facto Relationships Act 1984 ),

(c) a parent or child of the person,

(d) a parent or child of the spouse of the person,

(e) a parent or child of the other party to a de facto relationship with the person (within the meaning of the De Facto Relationships Act 1984 ).

(3) This clause, unless sooner repealed, ceases to have effect on the day that is 5 years after the date of its commencement.