sec.8Meaning of prohibited arrangement

sec.8 Meaning of prohibited arrangement

A prohibited arrangement is a contract or arrangement in relation to a school— entered into by a school’s governing body or proposed governing body and another entity not dealing with each other at arm’s length; and that is not, or will not be, for the benefit of the school. For subsection (1) (b) , a contract or arrangement is not, or will not be, for the benefit of the school if the contract or arrangement is for property, goods or services— at more than reasonable market value; or that is not required to advance the school’s philosophy and aims, as stated in the school’s statement of philosophy and aims. Subsection (2) does not limit subsection (1) (b) . (sec.8-ssec.1) A prohibited arrangement is a contract or arrangement in relation to a school— entered into by a school’s governing body or proposed governing body and another entity not dealing with each other at arm’s length; and that is not, or will not be, for the benefit of the school. (sec.8-ssec.2) For subsection (1) (b) , a contract or arrangement is not, or will not be, for the benefit of the school if the contract or arrangement is for property, goods or services— at more than reasonable market value; or that is not required to advance the school’s philosophy and aims, as stated in the school’s statement of philosophy and aims. (sec.8-ssec.3) Subsection (2) does not limit subsection (1) (b) .

• (a) entered into by a school’s governing body or proposed governing body and another entity not dealing with each other at arm’s length; and
• (b) that is not, or will not be, for the benefit of the school.
• (a) at more than reasonable market value; or
• (b) that is not required to advance the school’s philosophy and aims, as stated in the school’s statement of philosophy and aims.