✨ Rules of the Auckland Regional Transport Authority
3366 NEW ZEALAND GAZETTE, No. 136 22 OCTOBER 2004
"Interested" means where a Director:
(a) is a party to, or will or may derive a material financial benefit from the matter;
(b) has a material financial Interest in another party to the matter;
(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).
However, a Director is not interested in a matter if his or her Interest is so remote or
insignificant that it cannot reasonably be regarded as likely to influence him or her in carrying
out his or her responsibilities under these Rules, the Act or any other enactment.
- Directors’ remuneration and other benefits
9.1 Remuneration and benefits
The Board may, subject to the prior written approval of the ARC, authorise:
(a) the payment by ARTA of remuneration or the provision of other benefits (including
reimbursement of reasonable travel, accommodation and other expenses incurred by
the Director relating to the Director’s attendance at meetings or otherwise relating to
the activities of ARTA) by ARTA to a Director for services as a Director (but not in any
other capacity); or
(b) the entering into of any agreement by ARTA to do those things.
9.2 Interests register details
The Board will ensure that forthwith after authorising the making of such payment or the
provision of such benefit or the entering into of such agreement, particulars of that payment,
benefit or agreement are entered in the Interests Register in relation to the relevant Director.
- Indemnity and insurance for directors and employees
10.1 Protection from liability
A Director or employee of ARTA is not liable for any liability of ARTA by reason only of being
a Director or employee of ARTA.
10.2 Indemnity – costs of proceedings
ARTA may indemnify a director or employee of any ARTA Group member for any costs
incurred by him or her in any proceedings:
(a) that relate to liability for any act or omission in his or her capacity as a director or
employee; and
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 136
Gazette.govt.nz —
NZ Gazette 2004, No 136
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