Section 13Part 2 — Establishment and Administration of Council
Exemption from disability
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Section 11 does not apply to an interest in a contract, proposed contract or other matter which a Council member has as a member of the public.
Where a Council member has an indirect pecuniary interest in a contract, proposed contract or other matter by reason only of a beneficial interest in securities of a company or other body, and the nominal value of those securities does not exceed one thousand dollars or one-thousandth of the total nominal value of the issued share capital of the company or other body, whichever is the less, and if the share capital is of more than one class, the total nominal value of shares of any one class in which he has a beneficial interest does not exceed one-thousandth of the total issued share capital of that class, section 11 shall not prohibit him from taking part in the consideration or discussion of the contract, proposed contract or other matter or from voting on any question with respect to it, without prejudice, however, to his duty to disclose his interest.
Cross References
- Section 11 of National Drug Council Act
exemptions apply to section 11
Referenced By
- Section 11 — Members' interests
exemption from disability for certain interests
- Section 12 — Pecuniary interests for the purposes of section 11
exemptions and exceptions to pecuniary interest rules