Queensland Subordinate Legislation as Made

LOCAL GOVERNMENT LEGISLATION (INTEGRITY) AMENDMENT REGULATION 2020 - REG 76

76 Replacement of sch 5, ss 1–2

Schedule 5 , sections 1 and 2 —
omit, insert—

1 Definitions for schedule In this schedule—

"conflict of interest" , in relation to a councillor, means—

(a) a prescribed conflict of interest; or

(b) a declarable conflict of interest.

"relevant person" means any of the following persons—

(a) a councillor;

(b) a chief executive officer;

(c) a councillor advisor;

(d) a senior executive employee;

(e) a person who is related to a councillor, chief executive officer, councillor advisor or senior executive employee.

"reporting term" , for a relevant person, means—

(a) for a councillor or a person who is related to a councillor—the relevant term for the councillor; or

(b) for the chief executive officer or a person who is related to the chief executive officer—

(i) the period of the chief executive officer’s current contract of employment; and

(ii) if the chief executive officer held a contract of employment as chief executive officer for a period ending immediately before the start of the current contract—the period of the contract of employment ending immediately before the chief executive officer’s current contract started; or

(c) for a councillor advisor or a person who is related to a councillor advisor—

(i) the period of the councillor advisor’s current contract of employment; and

(ii) if the councillor advisor held a contract of employment as a councillor advisor for a period ending immediately before the start of the current contract—the period of the contract of employment ending immediately before the councillor advisor’s current contract started; or

(d) for a senior executive employee or a person who is related to a senior executive employee—

(i) the period of the senior executive employee’s current contract of employment; and

(ii) if the senior executive employee held a contract of employment as a senior executive employee for a period ending immediately before the start of the current contract—the period of the contract of employment ending immediately before the senior executive employee’s current contract started.

"securities" see the Corporations Act , section 9 .

2 Shareholding or controlling interest in corporation

(1) The particulars required for each corporation in which a relevant person is a shareholder or has a controlling interest in shares are—

(a) the corporation’s name; and

(b) if the corporation is a proprietary company—

(i) the nature of the activities of the proprietary company; and

(ii) the investments or other interests in property of the proprietary company; and

(iii) for each corporation that is a subsidiary of the proprietary company—the corporation’s name and investments or other interests in property.

(2) In this section—

"controlling interest" , in shares in a corporation, for a person, means the person is able—

(a) to dispose of, or to exercise control over the disposal of, the shares; or

(b) if the shares are voting shares—to exercise, or to control the exercise of, a voting power attached to the shares.

"proprietary company" see the Corporations Act , section 9.

"subsidiary" , in relation to a proprietary company, see the Corporations Act , section 9.