sec.716Officers with material personal interests

### sec.716 Officers with material personal interests This section applies if the officer has a material personal interest in a matter involving the organisation’s financial management or procurement activities. The officer must, by written notice (a disclosure notice ), disclose the nature of the interest to the organisation’s management committee as soon as practicable after the relevant facts come to the officer’s knowledge. Maximum penalty—3,091 penalty units or 5 years imprisonment. If the matter is to be considered at a meeting of the organisation or a committee of the organisation at which the officer is present, the officer must not— vote on the matter; or remain at the meeting when the matter is being considered or voted on. Maximum penalty—3,091 penalty units or 5 years imprisonment. In this section— procurement activities means activities relating to— the purchase of goods and services; or the carrying out of work. services includes auditing services and legal services. (sec.716-ssec.1) This section applies if the officer has a material personal interest in a matter involving the organisation’s financial management or procurement activities. (sec.716-ssec.2) The officer must, by written notice (a disclosure notice ), disclose the nature of the interest to the organisation’s management committee as soon as practicable after the relevant facts come to the officer’s knowledge. Maximum penalty—3,091 penalty units or 5 years imprisonment. (sec.716-ssec.3) If the matter is to be considered at a meeting of the organisation or a committee of the organisation at which the officer is present, the officer must not— vote on the matter; or remain at the meeting when the matter is being considered or voted on. Maximum penalty—3,091 penalty units or 5 years imprisonment. (sec.716-ssec.4) In this section— procurement activities means activities relating to— the purchase of goods and services; or the carrying out of work. services includes auditing services and legal services. - (a) vote on the matter; or - (b) remain at the meeting when the matter is being considered or voted on. - (a) the purchase of goods and services; or - (b) the carrying out of work.