Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TREASURY CORPORATION OF VICTORIA ACT 1992 - SECT 17

Pecuniary interests of members

    (1)     A director who has a pecuniary interest in a matter being considered or about to be considered by the Board must, as soon as practicable after the relevant facts have come to his or her knowledge, declare the nature of the interest at a meeting.

    (2)     A person presiding at a meeting at which a declaration is made must cause a record of the declaration to be made in the minutes of the meeting.

    (3)     After a declaration is made by a director—

        (a)     unless the Board of Directors (excluding that director) otherwise resolves, the director must not be present during any deliberation with respect to that matter; and

        (b)     that director is not entitled to vote on the matter; and

        (c)     if that director does vote on the matter, the vote must be disallowed.

S. 18 amended by No. 29/2006 s. 3(Sch. 1 item 37).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback