Victorian Numbered Acts Victorian Numbered Acts(1) A member who has a direct or an indirect pecuniary interest in any matter being considered, or about to be considered, by Sustainability Victoria must disclose the nature of that interest at a meeting of Sustainability Victoria as soon as possible after becoming aware of the relevant facts.
(2) A member who holds an office or possesses property as a result of which, directly or indirectly, duties or interests may be created in conflict with his or her duties as a member, must disclose that fact at a meeting of Sustainability Victoria as soon as possible after becoming aware of the potential conflict.
(3) The person presiding at a meeting at which a disclosure under this section is made must ensure that the disclosure is recorded in the minutes of the meeting, and that the minutes also record full details of who voted on any matter in respect of which the disclosure was made.
(4) A person who has made a disclosure under this section must not take any further part in the discussion of, or vote on, the contract or other matter to which the disclosure relates.
(5) If a member votes on a matter in contravention of sub-section (4), the vote of the member must be disallowed.
(6) A member is not to be regarded as having a pecuniary interest—
(a) in a matter relating to the supply of goods or services to or by the member if the goods or services are, or are to be, available to members of the public on the same terms and conditions; or
(b) in a contract or arrangement only because that contract or arrangement may benefit a company or other body in which the member has a beneficial interest that does not exceed 1% of the total nominal value of beneficial interests in that company or body.