South Australian Current Acts

COMMUNITY TITLES ACT 1996 - SECT 95

95—Disclosure of interest

        (1)         A member of a committee who has a direct or indirect pecuniary interest in a matter under consideration by the committee—

            (a)         must disclose the nature of the interest to the committee; and

            (b)         must not take part in any deliberations or decisions of the committee in relation to that matter.

Maximum penalty: $15 000.

        (2)         It is a defence to a charge of an offence against subsection (1) to prove that the defendant was not, at the time of the alleged offence, aware of his or her interest in the matter.

        (3)         A disclosure under this section must be recorded in the minutes of the committee.

        (4)         In this section—

"pecuniary interest" of a member of a committee does not include an interest arising solely from the fact that the member is also a member of the community corporation.