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SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 36A Terms of membership

SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 36A

Terms of membership

36A Terms of membership

(1) A board member holds office on the terms of appointment provided for under a participation agreement of the distributor-retailer, and subject to this Act.
(2) A councillor-member can not receive, and the distributor-retailer can not confer, a benefit on a councillor-member—
(a) by way of remuneration as the holder of that office; or
(b) in connection with retirement from or other ending of the office.
(3) However, the councillor-member may receive a benefit conferred on the member under LGA 2009 or CBA 2010 .
(4) For applying CBA 2010 under subsection (3) , the relevant provisions of those Acts apply as if a reference to a corporate entity of the relevant council included a reference to a distributor-retailer.
Note—
For LGA 2009 , see the Local Government (Operations) Regulation 2010 , section 43 .
(5) An independent member may receive from a distributor-retailer, and a distributor-retailer may confer on an independent member, a benefit for the following only if it complies with the participation agreement—
(a) remuneration as the holder of that office;
(b) a matter for, or in connection with, retirement from or other ending of the office.
(6) A purported benefit conferred or received that can not be made under this section is of no effect.
(7) In this section—


"benefit" means a payment made or an interest in property or other valuable consideration or benefit given or transferred.