Victorian Consolidated Legislation

Catchment and Land Protection Act 1994 - SECT 18H

What constitutes a pecuniary interest?

18H. What constitutes a pecuniary interest?



(1) In this section shares includes stock, and share capital must be read
accordingly.

(2) A member does not have a pecuniary interest to which section 18G applies
in relation to a matter only because that member has an interest in the
matter-

   (a)  as a person who receives a service from the Authority in common with
        other persons who receive a service from the Authority; or

   (b)  as a person who is, or may become, entitled to an allowance or other
        payment under this Act, if the maximum amount of the allowance or
        payment, or the rate at which the amount is to be calculated, is fixed
        under this Act; or

   (c)  as a member of a club or other association (incorporated or not) that
        is conducted primarily for charitable, benevolent, recreational or
        community purposes; or

   (d)  as a member of an employers' or employees' association; or

   (e)  as a person to whom the Authority offers, or proposes to offer, goods
        and services which are, or are proposed to be, offered generally by
        the Authority on the same terms and conditions as to that member; or

   (f)  as a person who receives a service from the Authority, or as a
        resident of a region under the control of the Authority, who may be
        required by the Authority to make any payment that other persons who
        receive that service, or other residents of the region, may be
        required by the Authority to make.

(3) Unless subsection (4) provides otherwise, a person has a pecuniary
interest in a matter if-

   (a)  the person or his or her nominee is a member of a company or other
        body which has a pecuniary interest in the matter; or

   (b)  the person is the sole proprietor, a partner, a director or an
        employee of a person who has a pecuniary interest in the matter.

(4) Subsection (3) does not apply-

   (a)  to membership of any body (incorporated or not) which results from an
        appointment or nomination made by the board of an Authority; or



   (b)  to membership or directorship of any body (incorporated or not) if the
        member or director has no beneficial interest in any capital or income
        of the body.

(5) If a member of a board of an Authority has a pecuniary interest in a
matter only because he or she has a beneficial interest in the shares of a
body, and if the total nominal value of those shares is not more than $2000 or
1 per cent of the total nominal value of the issued share capital of the body
(whichever is less), section 18G does not preclude the member from taking part
in the consideration of the matter.

(6) If the share capital of a body is of more than one class, subsection (5)
does not apply if the total nominal value of all the shares of any one class
in which the member has a beneficial interest is more than 1 per cent of the
total nominal value of the issued share capital of that class of the body.

(7) The interest of a member's spouse or domestic partner must, if known to
the member, be taken to be an interest of the member for the purposes of this
section.