New Zealand Gazette – 2004 – No. 135

Page 3342

✨ Ports of Auckland Limited Rules



3342 NEW ZEALAND GAZETTE, No. 135 22 OCTOBER 2004

(d) do any other thing in his or her capacity as a Director in relation to the matter.

The ARC may approve a Director with a specified class of Interest to do anything otherwise prohibited by this rule 9.4. The approval may:

(a) state conditions that the Director must comply with; and

(b) be amended or revoked by the ARC by written notice to the Board.

9.5 No application in certain cases

Nothing in this rule 9 applies in relation to:

(a) remuneration or any other benefit given to a Director in accordance with these Rules; or

(b) an indemnity given or insurance provided in accordance with these Rules.

9.6 Failure to disclose

The Board will notify the ARC of any failure of any Director to comply with this rule 9 and of the acts affected, as soon as practicable after becoming aware of the failure.

9.7 Elected members

For the avoidance of doubt, this rule 9 does not limit the requirements of the Local Authorities (Members’ Interests) Act 1968.

9.8 Interpretation

In this rule 9:

"matter" means:

(a) ARH’s performance of its functions or the exercise of its powers; or

(b) an agreement, arrangement or other transaction entered into, or proposed to be entered into, by ARH;

"Interested" means where a Director:

(a) is a party to, or will or may derive a material financial benefit from the matter; or

(b) has a material financial Interest in another party to the matter; or

(c) is a director, employee, or trustee of another party to, or person who will or may derive a material financial benefit from, the matter, not being a party or person that is a member of the ARC Group;

(d) is the parent, child, or spouse or de facto partner of another party to, or person who will or may derive a material financial benefit from, the matter; or

(e) is otherwise directly or indirectly materially Interested in the matter,

(and "Interest" will be interpreted accordingly).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 135


Gazette.govt.nz — PDF NZ Gazette 2004, No 135




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