Victorian Current Acts

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ALPINE RESORTS (MANAGEMENT) ACT 1997 - SECT 33

Disclosure of interest of director

    (1)     A director who has a direct or indirect pecuniary interest in a contract or other matter being dealt with by the Board must disclose the nature of that interest at a meeting of the Board as soon as possible after becoming aware of the interest.

    (2)     A director who holds an office or possesses property as a result of which, directly or indirectly, duties or interests may be created in conflict with the director's duties as a director, must disclose that fact at a meeting of the Board as soon as possible after becoming aware of the potential conflict.

    (3)     The person presiding at a meeting at which a disclosure under this section is made must cause that disclosure to be recorded in the minutes of the meeting.

    (4)     A person who has made a disclosure under this section must not take any further part in the discussion of or vote on the contract or other matter to which the disclosure relates.

    (5)     If a director votes on a matter in contravention of subsection (4), the director's vote must be disallowed.

S. 34 substituted by No. 9/2022 s. 16.



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