56Meaning of “pecuniary interest”

56 Meaning of “pecuniary interest”

56 Meaning of “pecuniary interest”

(1) In this division, a person has a pecuniary interest in a development or building if there is a reasonable likelihood or expectation of financial gain to the person or a close associate of the person.

(2) However, a person does not have a pecuniary interest if—

(a) the interest is so remote or insignificant that the interest could not reasonably be regarded as likely to influence a decision in relation to approvals work, or

(b) the interest is merely the lawful payment for the carrying out of approvals work.