Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A director who has
a notifiable interest in a matter involving RWWA must, as soon as possible
after the relevant facts have come to the director’s knowledge, disclose
the nature of the interest at a meeting of the board.
Penalty: $5 000.
(2) A disclosure under
subsection (1) is to be recorded in the minutes of the meeting.
(3) In
subsection (1) —
notifiable interest means an interest in the
matter that will, under Schedule 1 clause 8(1), disqualify the
director from voting on the matter at a meeting of the board unless allowed to
do so by resolution under clause 8(3) or a declaration under
clause 8(6).