Pecuniary Interests – Code of Conduct - Part 4
4.1 A pecuniary interest is an interest that you have in a matter because of a reasonable likelihood or expectation of appreciable financial gain or loss to you or a person referred to in clause 4.3.
4.2 You will not have a pecuniary interest in a matter if the interest is so remote or insignificant that it could not reasonably be regarded as likely to influence any decision you might make in relation to the matter, or if the interest is of a kind specified in clause 4.6.
4.3 For the purposes of this Part, you will have a pecuniary interest in a matter if the pecuniary interest is:
(a) your interest, or
(b) the interest of your spouse or de facto partner, your relative, or your partner or employer, or
(c) a company or other body of which you, or your nominee, partner or employer, is a shareholder or member.
4.4 For the purposes of clause 4.3:
(a) Your “relative” is any of the following:
i) your parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adopted child
ii) your spouse’s or de facto partner’s parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adopted child
iii) the spouse or de facto partner of a person referred to in paragraphs (i) and (ii).
(b) “de facto partner” has the same meaning as defined in section 21C of the Interpretation Act 1987.
4.5 You will not have a pecuniary interest in relation to a person referred to in subclauses 4.3(b) or (c):
(a) if you are unaware of the relevant pecuniary interest of your spouse, de facto partner, relative, partner, employer or company or other body, or
(b) just because the person is a member of, or is employed by, a council or a statutory body, or is employed by the Crown, or
(c) just because the person is a member of, or a delegate of a council to, a company or other body that has a pecuniary interest in the matter, so long as the person has no beneficial interest in any shares of the company or body.
For more information regarding Pecuniary Conflicts of Interest – refer to Council’s Code of Conduct Policy.