sec.32Disclosure of interest by officers of Corporation

### sec.32 Disclosure of interest by officers of Corporation The chief executive officer and any other officer or employee of the Corporation nominated by the board must disclose all interests not otherwise disclosed by that person under this Act (including, without limitation, securities of any description) which may be required to be disclosed by the board from time to time and they are to be recorded by the Corporation in a register of such interests. Nomination by the board may limit the disclosure of interests that is required in any particular case. The chief executive officer and any other officer or employee nominated as provided in subsection (1) must disclose any material change to the interests of that officer as recorded in the register of interests referred to in subsection (1) . In subsections (1) and (3) , an interest which is notifiable— does not include an interest an officer or employee may have in a matter in common with members of the public or as a contributor to any superannuation scheme the Corporation maintains or participates in; but includes an interest of the officer or employee or a relative of the officer or employee or of the spouse of an officer or employee of which the officer or employee has knowledge which if it had been an interest of the officer or employee would have been liable to be disclosed by the officer or employee. The board may cause written directions to be given to officers or employees employed by the Corporation which set out the procedure to be followed where an officer or employee is in a position where duties and interests are in conflict whether directly or indirectly in respect of any matter with which the Corporation is concerned. These directions may preclude an officer or employee from dealing with or being involved in discussions concerning the matter in any way. An officer or employee must not fail to comply with this section or a written direction referred to in subsection (5) . Maximum penalty—50 penalty units. The register maintained under this section must be open and available for inspection by the directors, the chief executive officer or the auditor-general or any nominee of the auditor-general for the purposes of this Act generally and at meetings of the board and must be kept in the custody and under the control of the chief executive officer or a director nominated for that purpose by the board. A contravention of this section does not invalidate any decision of the board or the discharge of a function, exercise of power or the performance of a duty by the Corporation or the board. s 32 amd 1994 No. 38 s 3 sch ; 2000 No. 52 s 48 sch ; 2016 No. 64 s 79 sch 1 (sec.32-ssec.1) The chief executive officer and any other officer or employee of the Corporation nominated by the board must disclose all interests not otherwise disclosed by that person under this Act (including, without limitation, securities of any description) which may be required to be disclosed by the board from time to time and they are to be recorded by the Corporation in a register of such interests. (sec.32-ssec.2) Nomination by the board may limit the disclosure of interests that is required in any particular case. (sec.32-ssec.3) The chief executive officer and any other officer or employee nominated as provided in subsection (1) must disclose any material change to the interests of that officer as recorded in the register of interests referred to in subsection (1) . (sec.32-ssec.4) In subsections (1) and (3) , an interest which is notifiable— does not include an interest an officer or employee may have in a matter in common with members of the public or as a contributor to any superannuation scheme the Corporation maintains or participates in; but includes an interest of the officer or employee or a relative of the officer or employee or of the spouse of an officer or employee of which the officer or employee has knowledge which if it had been an interest of the officer or employee would have been liable to be disclosed by the officer or employee. (sec.32-ssec.5) The board may cause written directions to be given to officers or employees employed by the Corporation which set out the procedure to be followed where an officer or employee is in a position where duties and interests are in conflict whether directly or indirectly in respect of any matter with which the Corporation is concerned. (sec.32-ssec.6) These directions may preclude an officer or employee from dealing with or being involved in discussions concerning the matter in any way. (sec.32-ssec.7) An officer or employee must not fail to comply with this section or a written direction referred to in subsection (5) . Maximum penalty—50 penalty units. (sec.32-ssec.8) The register maintained under this section must be open and available for inspection by the directors, the chief executive officer or the auditor-general or any nominee of the auditor-general for the purposes of this Act generally and at meetings of the board and must be kept in the custody and under the control of the chief executive officer or a director nominated for that purpose by the board. (sec.32-ssec.9) A contravention of this section does not invalidate any decision of the board or the discharge of a function, exercise of power or the performance of a duty by the Corporation or the board. - (a) does not include an interest an officer or employee may have in a matter in common with members of the public or as a contributor to any superannuation scheme the Corporation maintains or participates in; but - (b) includes an interest of the officer or employee or a relative of the officer or employee or of the spouse of an officer or employee of which the officer or employee has knowledge which if it had been an interest of the officer or employee would have been liable to be disclosed by the officer or employee.