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INTEGRATED RESORT DEVELOPMENT ACT 1987 - SECT 161A
Conflict of interest of executive committee member [SM, s 53]
161A Conflict of interest of executive committee member [SM, s 53]
(1) A member of the executive committee must disclose to a meeting of the
committee the member’s direct or indirect interest in an issue being
considered, or about to be considered, by the committee if the interest could
conflict with the appropriate performance of the member’s duties about the
consideration of the issue.
(2) If a member required under subsection (1) to
disclose an interest in an issue is a voting member of the committee, the
member is not entitled to vote on a motion involving the issue.
(3) A person
who holds the proxy of a member of the committee must disclose to a meeting of
the committee the proxy holder’s direct or indirect interest in an issue
being considered, or about to be considered, by the committee if the interest
could conflict with the appropriate performance of the proxy holder’s duties
about the consideration of the issue.
(4) A proxy holder required under
subsection (3) to disclose an interest in an issue must not vote as the proxy
on a motion involving the issue.
(5) A person who holds the proxy of a member
of the committee must disclose to a meeting of the committee the member’s
direct or indirect interest in an issue being considered, or about to be
considered, by the committee if the proxy holder is aware that the member, if
present, would be required under subsection (1) to disclose the interest.
(6)
A proxy holder required under subsection (5) to disclose an interest in an
issue must not vote as the proxy on a motion involving the issue.
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