Suburban Rail Loop Act 2021

If—

a director of the Authority has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the board; and

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

A disclosure under subsection (1) must be recorded in the minutes of the meeting and, unless the Minister or the board otherwise determines, the director—

must not be present during any deliberation of the board in relation to the matter; and

must not take part in any decision of the board in relation to the matter.

For the purpose of the making of a determination by the board under subsection (2) in relation to a director who has made a disclosure under subsection (1), a director who has a direct or indirect pecuniary interest in the matter to which the disclosure relates—

must not be present during any deliberation of the board for the purpose of making the determination; and

must not take part in the making by the board of the determination.

Subsections (1) and (2) do not apply in relation to a matter relating to the supply of goods and services to the director if the goods or services are, or are to be, available to members of the public on the same terms and conditions.