Western Australian Current Acts Western Australian Current Acts The interest in a
contract or proposed contract that a director is required by this Division to
declare does not include an interest in —
(a) a
contract or proposed contract for a purchase of goods and services by the
director from the co-operative; or
(b) a
lease of land to the director by the co-operative; or
(c) a
contract or proposed contract for the sale of commodities or animals by the
director to the co-operative; or
(d) a
contract or proposed contract that, under the rules of the co-operative, may
be made between the co-operative and a member; or
(e) a
contract or proposed contract of a class of contracts prescribed by the
regulations,
but only if the
contract is made in good faith, in the ordinary course of the business of the
co-operative, and on the terms that are usual and proper in similar dealings
between the co-operative and its members.
[Division 6 (s. 224-229) deleted: No. 7 of 2016 s. 71.]
[Heading inserted: No. 7 of 2016 s. 72.]