Victorian Consolidated Legislation

Associations Incorporation Act 1981 - SECT 29C

Voting on contract in which committee member has interest

29C. Voting on contract in which committee member has interest



(1) A member of the committee of an incorporated association who has any
direct or indirect pecuniary interest in a contract, or proposed contract,
with the incorporated association must not take part in any decision of the
committee with respect to that contract but may, subject to the provisions of
this Part, take part in any deliberations with respect to that contract.

Penalty: 10 penalty units.

(2) Subsection (1) does not apply in respect of a pecuniary interest-

   (a)  that exists only by virtue of the fact that the member of the
        committee is a member of a class of persons for whose benefit the
        incorporated association is established; or

   (b)  that the member of the committee has in common with all or a
        substantial proportion of the members of the incorporated association.