A director who has a material personal interest in any matter relating to the club's affairs must declare the nature of that interest at a meeting of the governing body as soon as the director becomes aware of the matter. The declaration must be minuted and the conflicted director must not participate in the discussion or vote on that matter without express board approval.
Working draft, not legal advice
The plain-English summary above is drafted by Venue Axis as a navigation aid. The citation is the authoritative source — treat it as the definitive reference. For a legal interpretation of this obligation in your venue's context, talk to your counsel.
Undeclared material interests can void board decisions, expose the individual director to breach-of-duty claims, and trigger ILGA disciplinary action under Part 6A (Authority disciplinary powers including monetary penalties up to 100 PU against the individual, removal from office, ineligibility declarations).
Consequences are summarised from the underlying legislation. Specific penalties depend on the breach pattern, prior history, and the regulator's enforcement posture. Talk to a liquor and gaming lawyer for a definitive view of your venue's exposure.
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