s. 77B 77B Direct interest S. 77B inserted by (1) A person has a direct interest in a matter if there is No. 109/2003 s. 60, a reasonable likelihood that the benefits, substituted by obligations, opportunities or circumstances of the No. 67/2008 person would be directly altered if the matter is s. 21. decided in a particular way. (2) Without limiting subsection (1), a person has a direct interest in a matter if— (a) there is a reasonable likelihood that the person will receive a direct benefit or loss that can be measured in financial terms if the matter is decided in a particular way; S. 77B(2)(b) (b) the person has, or the person together with a substituted by member or members of the person's family No. 58/2010 s. 10(1). have, a controlling interest in a company or other body that has a direct interest in the matter. S. 77B(3) (3) A person who has a membership in a club or inserted by organisation that has a direct interest in a matter— No. 58/2010 s. 10(2). (a) does not, by reason of that membership, have a direct interest in the matter under subsection (1); and (b) does not have an indirect interest in the matter, by reason of that membership, unless the person has an indirect interest in the matter under section 78A, 78B or 78C. S. 77B(4) (4) In subsection (2), has the controlling interest inserted by same meaning as it has in section 72(2) of the No. 58/2010 s. 10(2). Payroll Tax Act 2007.
S. 77B inserted by No. 109/2003 s. 60, substituted by No. 67/2008 s. 21. 77B Direct interest s. 77B (1) A person has a direct interest in a matter if there is a reasonable likelihood that the benefits, obligations, opportunities or circumstances of the person would be directly altered if the matter is decided in a particular way. (2) Without limiting subsection (1), a person has a direct interest in a matter if— (a) there is a reasonable likelihood that the person will receive a direct benefit or loss that can be measured in financial terms if the matter is decided in a particular way; S. 77B(2)(b) substituted by No. 58/2010 s. 10(1). (b) the person has, or the person together with a member or members of the person's family have, a controlling interest in a company or other body that has a direct interest in the matter. S. 77B(3) inserted by No. 58/2010 s. 10(2). (3) A person who has a membership in a club or organisation that has a direct interest in a matter— (a) does not, by reason of that membership, have a direct interest in the matter under subsection (1); and (b) does not have an indirect interest in the matter, by reason of that membership, unless the person has an indirect interest in the matter under section 78A, 78B or 78C. S. 77B(4) inserted by No. 58/2010 s. 10(2). (4) In subsection (2), controlling interest has the same meaning as it has in section 72(2) of the Payroll Tax Act 2007.
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