26—Insertion of Part 4 Divisions 3A and 3B
After section 16 (as substituted by section 25 of this Act) insert:
Division 3A—Conflict of interest under Public Sector (Honesty and Accountability) Act
17—Conflict of interest under Public Sector (Honesty and Accountability) Act
A member of the board will not be taken to have a direct or indirect interest in a matter for the purposes of the Public Sector (Honesty and Accountability) Act 1995 by reason only of the fact that the member has an interest in a matter that is shared in common with those engaged in or associated with the arts industry generally, or a substantial section of those engaged in or associated with the arts industry.
Division 3B—Common seal and execution of documents
18—Common seal and execution of documents
(1) The common seal of the Corporation must not be affixed to a document except in pursuance of a decision of the board and the fixing of the seal must be attested by the signatures of 2 members of the board.
(2) The board may, by instrument under the common seal of the Corporation, authorise a person or persons (whether nominated by name or by office or title) to execute documents on behalf of the Corporation subject to conditions and limitations (if any) specified in the instrument of authority.
(3) Without limiting subsection (2), the board may authorise 2 or more persons to execute documents jointly on behalf of the Corporation.
(4) A document is duly executed by the Corporation if—
(a) the common seal of the Corporation is affixed to the document in accordance with this section; or
(b) the document is signed on behalf of the Corporation by a person or persons in accordance with authority conferred under this section.
(5) If an apparently genuine document purports to bear the common seal of the Corporation, it will be presumed, in the absence of proof to the contrary, that the common seal of the Corporation was duly affixed to the document.