Victorian Consolidated Legislation

Meat Industry Act 1993 - SECT 56

Pecuniary interests of chief executive officer and members

56. Pecuniary interests of chief executive officer and members



(1) The chief executive officer must not, while he or she occupies that
position, hold any direct or indirect pecuniary interest in any corporation,
business or undertaking which is required to be licensed under this Act or the
Seafood Safety Act 2003.

Penalty: 50 penalty units.

(2) A member who has a pecuniary interest in a matter being considered by or
about to be considered by the Authority must, as soon as practical after the
relevant facts have come to the member's knowledge, declare the nature of that
interest at a meeting of the Authority.

Penalty: 50 penalty units.



(3) Subsection (2) does not apply in the case of a member engaged in the meat
industry or seafood industry if the interest is no greater than that of any
other person so engaged.

(4) The chairperson of a meeting at which a declaration is made under this
section must cause a record of the declaration to be made in the minutes of
the meeting.

(5) Unless the Authority otherwise resolves, a member who has made a
declaration under subsection (2) must not be present during any deliberation
with respect to, or vote on, the matter in respect of which the declaration is
made.

Penalty: 50 penalty units.