Victorian Consolidated Legislation

Transport Accident Act 1986 - SECT 21

Disclosure of interests

21. Disclosure of interests



(1) If-

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







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

the Director, as soon as practicable after the relevant facts come to the
Director's knowledge, must disclose the nature of the interest at a meeting of
the Board.

(2) A disclosure under subsection (1) must be recorded in the minutes of the
meeting and, unless the Minister or the Board otherwise determines, the
Director-

   (a)  must not be present during any deliberation of the Board in relation
        to the matter; and

   (b)  must not take part in any decision of the Board in relation to the
        matter.

(3) For the purpose of the making of a determination by the Board under
subsection (2) in relation to a Director who has made a disclosure under
subsection (1), a Director who has a direct or indirect pecuniary interest in
the matter to which the disclosure relates-

   (a)  must not be present during any deliberation of the Board for the
        purpose of making the determination; and

   (b)  must not take part in the making by the Board of the determination.

(4) Subsection (1) does not apply in relation to a matter relating to the
supply of goods or services to the Director if the goods or services are, or
are to be, available to members of the public on the same terms and
conditions.