12Interests and positions in corporations

#### 12 Interests and positions in corporations 12 Interests and positions in corporations > > (1) A Member shall disclose in a primary return and an ordinary return: > > > > > (a) the name and address of each corporation in which he or she had an interest or held any position (whether remunerated or not) on the primary return date or at any time during the ordinary return period, as the case may be, > > > > > (b) the nature of the interest, or the description of the position held, in each such corporation, and > > > > > (c) except in the case of a listed public company—a description of the principal objects of each such corporation. > > > (2) An interest, or position held, in a corporation need not be disclosed by a Member in a primary return or an ordinary return if the corporation is: > > > > > (a) formed for the purpose of providing recreation or amusement or promoting commerce, industry, art, science, religion or charity or for any other community purpose, > > > > > (b) required to apply its profits (if any) or other income in promoting its objects, and > > > > > (c) prohibited from paying any dividend to its members. > > > (3) A Member need not disclose any matter that the Member would otherwise be required to disclose under this clause if the Member has already made a disclosure about the same matter when making a disclosure for the purposes of clause 9 (Sources of income). > > **cl 12:** Am 2007 (112), Sch 1 \[14\] \[17\]; 2008 (371), Sch 1 \[10\].