sec.99Disclosure of interest in licensed animal by executive officer of control body

### sec.99 Disclosure of interest in licensed animal by executive officer of control body This section applies if an executive officer of a control body is or becomes an owner of a licensed animal, whether or not the executive officer derives a financial benefit from the ownership interest. The executive officer must disclose the following information to a meeting of the relevant persons of the control body— the number of licensed animals in which the executive officer has an ownership interest and the name by which each animal is known; the code of racing for which each animal is licensed; the percentage of the executive officer’s ownership interest in each animal. Maximum penalty—40 penalty units. The control body must— within 14 days after the disclosure, give notice about the disclosure to the Minister, the chief executive and the commission; and if any other person requests information about the disclosure, make the information available to the person. However, subsection (3) does not apply if the person who disclosed the information is no longer an executive officer of the control body. The control body may charge a fee for making information available under subsection (3) (b) . A fee charged by the control body for making information available under subsection (3) (b) must not be more than the reasonable cost to the control body of making the information available. In this section— relevant persons , of the control body, means— if the control body is the board—the members of the control body; or if the control body is an approved control body—the directors of the control body. s 99 prev s 99 om 2012 No. 42 s 43 pres s 99 ins 2008 No. 24 s 12 amd 2012 No. 42 s 38; 2016 No. 12 s 345 (sec.99-ssec.1) This section applies if an executive officer of a control body is or becomes an owner of a licensed animal, whether or not the executive officer derives a financial benefit from the ownership interest. (sec.99-ssec.2) The executive officer must disclose the following information to a meeting of the relevant persons of the control body— the number of licensed animals in which the executive officer has an ownership interest and the name by which each animal is known; the code of racing for which each animal is licensed; the percentage of the executive officer’s ownership interest in each animal. Maximum penalty—40 penalty units. (sec.99-ssec.3) The control body must— within 14 days after the disclosure, give notice about the disclosure to the Minister, the chief executive and the commission; and if any other person requests information about the disclosure, make the information available to the person. (sec.99-ssec.4) However, subsection (3) does not apply if the person who disclosed the information is no longer an executive officer of the control body. (sec.99-ssec.5) The control body may charge a fee for making information available under subsection (3) (b) . (sec.99-ssec.6) A fee charged by the control body for making information available under subsection (3) (b) must not be more than the reasonable cost to the control body of making the information available. (sec.99-ssec.7) In this section— relevant persons , of the control body, means— if the control body is the board—the members of the control body; or if the control body is an approved control body—the directors of the control body. - (a) the number of licensed animals in which the executive officer has an ownership interest and the name by which each animal is known; - (b) the code of racing for which each animal is licensed; - (c) the percentage of the executive officer’s ownership interest in each animal. - (a) within 14 days after the disclosure, give notice about the disclosure to the Minister, the chief executive and the commission; and - (b) if any other person requests information about the disclosure, make the information available to the person. - (a) if the control body is the board—the members of the control body; or - (b) if the control body is an approved control body—the directors of the control body.