165Disclosures of conflicts of interest

#### 165 Disclosures of conflicts of interest 165 Disclosures of conflicts of interest > > (1) A person nominated for election as a member of the strata renewal committee must disclose the nature of a conflict of interest the person has— > > > > > (a) to the secretary of the owners corporation, and > > > > > (b) before the election is held. > > > (2) A member of the strata renewal committee must disclose the nature of a conflict of interest the member has— > > > > > (a) to the secretary of the owners corporation, and > > > > > (b) as soon as practicable after the member becomes aware of the conflict of interest. > > > (3) The person or member has a conflict of interest if— > > > > > (a) the person or member has a relevant interest, and > > > > > (b) the interest appears to raise a conflict with the proper performance of the strata renewal committee’s function. > > > (4) At a general meeting at which the members of a strata renewal committee are elected, the owners corporation must consider— > > > > > (a) the nature of a conflict of interest disclosed under subsection (1), and > > > > > (b) whether the nominee who disclosed the conflict should be elected to the committee, and > > > > > (c) if the nominee is elected as a member—whether the member should be subject to a requirement that, for a matter relating to the member’s interest, the member— > > > > > > > (i) not be present during a deliberation about the matter, or > > > > > > > (ii) take part in a decision of the committee about the matter. > > > (5) The secretary of the owners corporation must, as soon as practicable after receiving a disclosure under subsection (2), convene a general meeting of the owners corporation to decide whether to— > > > > > (a) remove the member from the strata renewal committee, or > > > > > (b) allow the member to remain on the committee subject to a requirement that, for a matter relating to the member’s interest, the member— > > > > > > > (i) not be present during a deliberation about the matter, or > > > > > > > (ii) take part in a decision of the committee about the matter, or > > > > > (c) take no further action in relation to the matter and allow the member to remain on the committee with no restriction on participating in deliberations and decisions of the committee. > > > (6) A person who has made a disclosure under subsection (1) is not required to make a subsequent disclosure of the same conflict of interest if the person is elected as a member of the strata renewal committee. > > **s 165:** Subst 2023 No 45, Sch 1\[5\].