Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 19

Conflict of interest

19. Conflict of interest



(1) Any member of the Board who-

   (a)  for profit or reward is concerned in any contract or participates in
        any manner in any work to be done under the authority of this Act; or

   (b)  derives or is entitled to any benefit either directly or indirectly
        from any such contract or work-

shall disclose to the Board the nature of his interest in that contract or
work and shall not be present at any meeting of the Board whilst that contract
or work is being discussed or vote on any question with respect to that
contract or work.

(2) No person being a shareholder or member of a company consisting of more
than twenty persons shall be disqualified from acting as a member of the Board
by reason of any contract entered into between such company and the Board but
no such shareholder or member shall act as a member of the Board in any matter
relating to a contract entered into between the Board and the company.