Victorian Consolidated Legislation

Melbourne Convention and Exhibition Trust Act 1996 - SECT 14

Pecuniary interest of members

14. Pecuniary interest of members



(1) If-

   (a)  a member has a direct or indirect pecuniary interest in a matter being
        considered or about to be considered by the Trust; and

   (b)  the interest could conflict with the proper performance of the
        member's duties in relation to the consideration of the matter-

the member, as soon as practicable after becoming aware of the relevant facts,
must declare the nature of the interest to the Trust.

(2) The Trust or the chairperson must cause a record of the declaration to be
tabled and recorded in the minutes of the meeting or, if the declaration is
not made at a meeting of the Trust, at the next meeting of the Trust.

(3) A member who has a conflict of interest in a matter-

   (a)  must not be present during any deliberations on the matter, unless the
        Trust directs otherwise; and

   (b)  is not entitled to vote on the matter.

(4) If a member votes on a matter in contravention of subsection (3)(b), the
member's vote must be disallowed.

(5) A member who has a conflict of interest in a matter must not be present
during any deliberations leading to a direction, or take part in making a
direction, under subsection (3)(a).

(6) For the purposes of this section, a member is not to be regarded as having
a conflict of interest-

   (a)  in relation to the supply of goods or services to the member if the
        goods or services are, or are to be, available to members of the
        public on the same terms and conditions; or

   (b)  in a contract or arrangement because that contract or arrangement may
        benefit a company or other body in which the member has a beneficial
        interest that does not exceed 1% of the total nominal value of
        beneficial interests in that company or body.