Western Australian Consolidated Acts

WESTERN AUSTRALIAN LAND AUTHORITY ACT 1992 - SECT 8B

8B .         Disclosure of material personal interests

        (1)         A director who has a notifiable interest in a matter involving the Authority 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 Part B clause 2(1)(b), disqualify the director from taking part in any deliberation or decision on the matter at a meeting of the board.

        [Section 8B inserted by No. 67 of 2004 s. 10.]

[ 9.         Deleted by No. 67 of 2004 s. 11.]