Commonwealth Consolidated Acts Commonwealth Consolidated ActsDisclosure by officers
(1) Each officer of an organisation must, in accordance with section 293BA or 293BB, disclose to the organisation details of any remuneration paid to the officer:
(a) because the officer is a member of a Board, if:
(i) the officer is a member of the Board only because the officer is an officer of the organisation; or
(ii) the officer was nominated for the position of member of the Board by the organisation, a branch of the organisation or a peak council; or
(b) by a related party of the organisation, in connection with the performance of the officer's duties as an officer.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.
(2) Each officer of a branch of an organisation must, in accordance section 293BA or 293BB, disclose to the branch details of any remuneration paid to the officer:
(a) because the officer is a member of a Board, if:
(i) the officer is a member of the Board only because the officer is an officer of the branch; or
(ii) the officer was nominated for the position of member of the Board by the organisation, a branch of the organisation or a peak council; or
(b) by a related party of the branch, in connection with the performance of the officer's duties as an officer.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.