(1) A CEO must
disclose, in accordance with subsection (2) and section 5.87C, a gift received
by the CEO.
Penalty for this subsection: a fine of $10 000 or
imprisonment for 2 years.
(2) The disclosure
must be made in writing to the mayor or president.
(3) A person does not
commit an offence against subsection (1) if —
(a) the
amount of the gift does not exceed the amount prescribed for the purposes of
this paragraph; or
(b) the
gift is not received by the person in their capacity as the CEO.
(4) For the purposes
of subsection (3)(a), if the gift is 1 of 2 or more gifts made by 1 person to
the CEO at any time during a year, the amount of the gift is the sum of the
amounts of those 2 or more gifts.
(5) For the purposes
of subsection (3)(b), the gift is not received by the person in their capacity
as the CEO if it is a gift that the person would have received even if the
person were not the CEO.
[Section 5.87B inserted: No. 16 of 2019 s. 38.]