Caulfield Racecourse Reserve Act 2017

As soon as practicable after the relevant facts have come to a member's knowledge, a member must declare the nature of an interest at a meeting, if that member—

has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Trust; or

has an interest which would conflict with the proper performance of the member's duties in relation to a matter being considered or about to be considered by the Trust.

A person presiding at a meeting at which a declaration is made must make a record of the declaration in the minutes of the meeting.

After a declaration is made by a member under subsection (1)—

unless the Trust otherwise directs, the member must not be present during any deliberation with respect to that matter; and

the member is not entitled to vote on that matter.

Despite subsection (3), if a declaration is made by a member under this section and that member subsequently votes on a matter which is the subject of the declaration, the vote must be disallowed.