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WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 416 Voting by interested director

WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 416

Voting by interested director

416 Voting by interested director

(1) A WorkCover director who has a material personal interest in a matter that is being considered by WorkCover’s board must not—
(a) vote on the matter; or
(b) vote on a proposed resolution (a
"related resolution" ) under subsection (2) in relation to the matter (whether in relation to the director or another director); or
(c) be present while the matter, or a related resolution, is being considered by the board; or
(d) otherwise take part in any decision of the board in relation to the matter or a related resolution.
Penalty—
Maximum penalty—100 penalty units.
(2) Subsection (1) does not apply to the matter if the board has at any time passed a resolution that—
(a) specifies the director, the interest and the matter; and
(b) states that the directors voting for the resolution are satisfied that the interest should not disqualify the director from considering or voting on the matter.
(3) A quorum is present during a consideration of a matter by the board only if at least 2 directors are present who are entitled to vote on any motion that may be moved in relation to the matter.
(4) The Minister may, by signing consent to a proposed resolution, deal with a matter if the board can not deal with it because of subsection (3) .