New South Wales Consolidated Regulations

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LOCAL GOVERNMENT (GENERAL) REGULATION 2005 - REG 186

Interests and positions in corporations

186 Interests and positions in corporations

(1) A person making a return must disclose:
(a) the name and address of each corporation in which he or she had an interest or held a position (whether remunerated or not) on the return date (in the case of a return under section 449 (1) of the Act) or at any time since the last return under Part 2 of Chapter 14 of the Act was made (in the case of a return under section 449 (3) of the Act), and
(b) the nature of the interest, or the position held, in each of the corporations, and
(c) a description of the principal objects (if any) of each of the corporations, except in the case of a listed company.
(2) An interest in, or a position held in, a corporation need not be disclosed if the corporation is:
(a) formed for the purpose of providing recreation or amusement or for promoting commerce, industry, art, science, religion or charity, or for any other community purpose, and
(b) required to apply its profits or other income in promoting its objects, and
(c) prohibited from paying any dividend to its members.
(3) An interest in a corporation need not be disclosed if the interest is a beneficial interest in shares in a company that does not exceed 10 per cent of the voting rights in the company.



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