A Checklist to assist ABC SCHOOL RPs assess whether they have a Conflict of Interest (Conflict of Interest Checklist) An annual Conflict of Interest Declaration which is: 1. Completed annually by each RP; 2. Retained from 1 September 2014, and retained for 7 years for each RP before archiving; 3. Collected and checked by POSITION/TITLE, and stored/accessed WHERE; 4. Updated by POSITION/TITLE when circumstances change (Conflict of Interest Declaration). A Declaration of Interest is placed at the head of the agenda at each formal meeting of the ABC SCHOOL governing body (Meeting Agenda Declaration of Interest). – governing body will determine and minute the process for managing any declared conflict of interest, ABC SCHOOL actual, perceived or potential. Example Documentation to assist you Definition of Conflict of Interest School to provide – Conflict of Interest Checklist Please see Appendix I Conflict of Interest Checklist on Page 41 – Conflict of Interest Declaration Please see Appendix J Conflict of Interest Declaration on Page 42 – Meeting Agenda Declaration of Interest Please see Appendix K Declaration of Interest on Page 44 – – NESA Requirement 3.9.3 Proper Governance - Related Party Transactions Register A registered non-government school must have policies and procedures for the proper governance of the school in place. 3.9.3.3 Related party transactions register Key Concept All contracts and financial transactions made by an individual non-government school should be at and ‘market value’, for the operation of the school. (Section 83C, NSW Education Act). ‘required’ Related party transactions (RPTs) are transactions made by the school to individuals and organisations related to the school. Transactions and payments should be conducted at to ensure the interests of the school are arm’s length served ahead of the interests of related parties. Related party transactions potentially involve conflicts of interest.
A Checklist to assist ABC SCHOOL RPs assess whether they have a Conflict of Interest (Conflict of Interest Checklist) An annual Conflict of Interest Declaration which is: 1. Completed annually by each RP; 2. Retained from 1 September 2014, and retained for 7 years for each RP before archiving; 3. Collected and checked by POSITION/TITLE, and stored/accessed WHERE; 4. Updated by POSITION/TITLE when circumstances change (Conflict of Interest Declaration). A Declaration of Interest is placed at the head of the agenda at each formal meeting of the ABC SCHOOL governing body (Meeting Agenda – Declaration of Interest). ABC SCHOOL governing body will determine and minute the process for managing any declared conflict of interest, actual, perceived or potential. Example Documentation to assist you Definition of Conflict of Interest – School to provide Conflict of Interest Checklist – Please see Appendix I Conflict of Interest Checklist on Page 41 Conflict of Interest Declaration – Please see Appendix J Conflict of Interest Declaration on Page 42 Meeting Agenda – Declaration of Interest – Please see Appendix K Declaration of Interest on Page 44 NESA Requirement 3.9.3 Proper Governance - Related Party Transactions Register A registered non-government school must have policies and procedures for the proper governance of the school in place. 3.9.3.3 Related party transactions register Key Concept All contracts and financial transactions made by an individual non-government school should be at ‘market value’, and ‘required’ for the operation of the school. (Section 83C, NSW Education Act). Related party transactions (RPTs) are transactions made by the school to individuals and organisations related to the school. Transactions and payments should be conducted at arm’s length to ensure the interests of the school are served ahead of the interests of related parties. Related party transactions potentially involve conflicts of interest.
Governance%20Resource%20Manual%20-%20Section%203.9%20Management%20and%20Operation%20of%20the%20School.docx