Macquarie Point Development Corporation Act 2012

A committee consists of such number of persons as the Board determines.

The chief executive officer of the Corporation may not be a member of its audit committee.

The chairperson of an audit committee must be a director.

A member of a committee is entitled to be paid such remuneration and allowances as are determined by the Minister.

A member of a committee holds that office for the term, and on the conditions, determined by the Board.

Meetings of a committee are to be held in accordance with any directions given by the Board.

A committee may obtain assistance, information and advice from any person.

Except as provided by this Schedule, a committee may regulate the calling of, and the conduct of business at, its meetings.

If –

a member of a committee or the relative of a member of a committee has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the committee; and

the interest could conflict with the proper performance of the member's duties in relation to consideration of the matter –

A disclosure under subclause (1) is to be recorded in the minutes of the meeting and, unless the committee otherwise determines, the member of the committee must not –

be present during any deliberation of the committee in relation to the matter; or

take part in any decision of the committee in relation to the matter.

For the purpose of making a determination under subclause (2), the member of the committee to whom the determination relates must not –

be present during any deliberation of the committee for the purpose of making the determination; or

take part in making the determination.

Subclause (1) does not apply in respect of an interest that arises only because the member of a committee is also a State Service officer or State Service employee.