Triple Zero Victoria Act 2023

If a member or delegate of the Board has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the Board, the member or delegate must disclose the nature of the interest at a meeting of the Board as soon as practicable after the relevant facts have come to the knowledge of the member or delegate.

The person presiding at the meeting of the Board must record a disclosure under subsection (1) in the minutes of the meeting.

If a member of the Board has a conflict of interest in a matter being considered, or about to be considered, by the Board, the member—

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

is not entitled to vote on the matter.

If a member of the Board votes on a matter in contravention of subsection (3)(b), that vote must be disallowed.

If a delegate of the Board has a conflict of interest in a matter being considered, or about to be considered, by the Board, the delegate may be present during any deliberation of the Board in relation to the matter.

In this section, conflict of interest includes a direct or indirect pecuniary interest that is held by a member or delegate of the Board in a matter being considered, or about to be considered, by the Board.