Pecuniary and other interests of members
16 Pecuniary and other interests of members
S. 16(1) amended by No. 28/2024 s. 48.
A member who—
has a direct or indirect pecuniary interest in; 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 must, as soon as practicable after the relevant facts have come to the member's knowledge, declare the nature of the interest at a meeting.
A person presiding at a meeting at which a declaration is made must cause a record of the declaration to be made in the minutes of the meeting.
After a declaration is made by a member—
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 the matter; and
if the member does vote on the matter, the vote must be disallowed.
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