Disclosure of pecuniary interests by members
21 Disclosure of pecuniary interests by members
If—
a member of Racing NSW or of a committee of Racing NSW has a direct or indirect pecuniary interest in a matter being considered or about to be considered at a meeting of Racing NSW or the committee, and
the interest appears to raise a conflict with the proper performance of the member’s duties in relation to the consideration of the matter,
the member must, as soon as possible after the relevant facts have come to the member’s knowledge, disclose the nature of the interest at a meeting of Racing NSW or the committee.
A disclosure by a member at a meeting of Racing NSW or a committee of Racing NSW that the member—
is a member, or is in the employment, of a specified company or other body, or
is a partner, or is in the employment, of a specified person, or
has some other specified interest relating to a specified company or other body or to a specified person,
is a sufficient disclosure of the nature of the interest in any matter relating to that company or other body or to that person which may arise after the date of the disclosure and which is required to be disclosed under subsection (1).
Particulars of any disclosure made under this section must be recorded by Racing NSW or the committee in a book kept for the purpose and that book must be open at all reasonable hours to inspection by any person on payment of the reasonable fee determined by Racing NSW.
After a member has disclosed the nature of an interest in any matter, the member must not—
be present during any deliberation of Racing NSW or the committee with respect to the matter, or
take part in any decision of Racing NSW or the committee with respect to the matter.
(Repealed)
A contravention of this section does not invalidate any decision of Racing NSW or a committee.
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