Meaning of having a pecuniary interest
30 Meaning of having a pecuniary interest
For the purposes of this Division, a registered certifier has a pecuniary interest in the development or building if there is a reasonable likelihood or expectation of appreciable financial gain or loss to the registered certifier, or to a person with whom the registered certifier has a relationship (whether family, personal, employment, or business).
However, a registered certifier does not have a pecuniary interest if—
the interest is so remote or insignificant that it could not reasonably be regarded as likely to influence any decision the registered certifier might make with respect to the certification work, or
the interest is merely the lawful payment for the carrying out of certification work.
This Act’s bill:Explanatory memorandumSecond reading speech
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