4Material personal interest

4 Material personal interest

(1)  In this Act –

material personal interest in respect of a director of the Corporation includes –

(a) a direct or indirect interest; and

(b) a pecuniary or non-pecuniary interest; and

(c) the interest of a relative of the director; and

(d) the interest of an associated entity; and

(e) an interest in a corporation, within the meaning of the Corporations Act; and

(f) the director's employment by a person with a direct or indirect interest in the Corporation; and

(g) the holding by the director of an office where there arises or may arise a conflict between his or her duties in that office and his or her duties as a director of the Corporation; and

(h) the holding by the director of the office of a member in another statutory authority or in the governing authority of another statutory authority; and

(i) any other interest that does, or may, give rise to a conflict of interest.

(2)  A director of the Corporation does not have a material personal interest by reason only of the director also being a State Service employee or State Service officer.

(3)  A director of the Corporation does not have a material personal interest by reason only of an interest in a contract with the Corporation for a good or service ordinarily supplied by the Corporation and supplied on the same terms as that good or service is ordinarily supplied to other persons in the same situation.

(4)  In relation to a director, each of the following persons is an associated entity if the director or a relative of the director has control over the person:

(a) a body corporate;

(b) a partnership or other unincorporated association of persons;

(c) a majority of trustees of a trust.

(5)  For the purposes of determining whether the director has control over a person referred to in , the following matters may be taken into account: