sec.22

sec.22 Conflict of interest [ SM, s 66 ]

An office holder must not, without the specific authorisation of the body corporate, make a decision on an issue if— the issue concerns the office holder’s duties as an office holder; and the office holder has a direct or indirect interest in the issue; and the interest could conflict with the appropriate performance of the office holder’s duties about the consideration of the issue. In this section— office holder means a person who is the secretary, treasurer, or secretary and treasurer. (sec.22-ssec.1) An office holder must not, without the specific authorisation of the body corporate, make a decision on an issue if— the issue concerns the office holder’s duties as an office holder; and the office holder has a direct or indirect interest in the issue; and the interest could conflict with the appropriate performance of the office holder’s duties about the consideration of the issue. (sec.22-ssec.2) In this section— office holder means a person who is the secretary, treasurer, or secretary and treasurer.

• (a) the issue concerns the office holder’s duties as an office holder; and
• (b) the office holder has a direct or indirect interest in the issue; and
• (c) the interest could conflict with the appropriate performance of the office holder’s duties about the consideration of the issue.