Victorian Current Acts

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


Disclosure of interests

    (1)     If—

        (a)     a director of VLA has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the board; and

        (b)     the interest could conflict with the proper performance of the director's duties in relation to the consideration of the matter—

the director, as soon as practicable after the relevant facts come to the director's knowledge, must disclose the nature of the interest at a meeting of the board.

    (2)     A disclosure under subsection (1) must be recorded in the minutes of the meeting and, unless the board otherwise determines, the director—

        (a)     must not be present during any deliberation of the board in relation to the matter; and

        (b)     must not take part in any decision of the board in relation to the matter.

S. 12JA inserted by No. 15/2018 s. 31.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback