8Interests required to be disclosed

8 Interests required to be disclosed

8 Interests required to be disclosed

(1) For the purposes of clause 7, an interest is an interest that a member has in a matter because of a reasonable likelihood or expectation of appreciable gain or loss, whether financial or otherwise, to the member or another person with whom the member is associated as provided by subclauses (3) and (4).

(2) A member does not have an interest in a matter if the interest is so remote or insignificant that it could not reasonably be regarded as likely to influence a decision the member might make in relation to the matter.

(3) A member is taken to have an interest in a matter if—

(a) a relative of the member has an interest in the matter, or

(b) a partner or employer of the member has a pecuniary interest in the matter, or

(c) the member, or a nominee, partner or employer of the member, is a member of a company or other body that has a pecuniary interest in the matter.

(4) Despite subclause (3), a member is not taken to have a pecuniary interest in a matter—

(a) if the member is unaware of the relevant pecuniary interest of the relative, partner, employer or company or other body, or

(b) only because the member is a director of, or is employed by, a statutory body or is employed by the Crown, or

(c) only because the member is a member of a company or other body that has a pecuniary interest in the matter, provided the member has no beneficial interest in shares of the company or body.

(5) In this clause, a reference to a relative of a member is a reference to—

(a) a spouse or de facto partner of the member, or

(b) a parent, child, sibling or step-sibling of the member or of the member’s spouse or de facto partner, or

(c) another person with whom the member is in an intimate personal relationship.