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Transaction Interest (Example)

Saturday, 29 April 2023



Executive Committee Officer President

Kim Jennings is a Executive Officer, and the owner of the John Deere tractor factory.

Kim Jennings has declared this as a interest in the purchasing and sale of lawn tractors to the club.

The Executive Committee has established, pursuant to s. 68 of the Incorporated Societies Act 2022 that the club receives fair value for the transaction in that it received several quotes from several firms as of the decleration of interest and it has been found that the actions of the Club's Officer Kim Jennings have lead to the club receiving more than fair value as the price of the tractor and the value achieved was two thousand dollars ($2000) dollars that the nearest competion when compared to all others.

In addition it has been noted that the tractors are of superior quality and come fully optioned.

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To obtain relevant documentation to support this declaration (if any) please click on the file icon.

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