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Register of Interests - Cr Brian Stockwell 03-02-2020
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# Notes Definitions
9 Amounts of $10,000 or less do not need to be Private company—means a proprietary
disclosed. company in which a relevant person holds
securities.
The debt does not need to be disclosed if it arises
from the supply of goods or services supplied in Trust—means a trust of which a relevant
the ordinary course of your business or the person is a beneficiary.
business of a trust or private company.
The financial amount of liabilities does not need to
be stated.
A line of credit does not need to be disclosed until
such time as it is used.
10 May include such investments as a term life Debenture—see the Corporations Act 2001.
insurance policy where a return of the policy’s
premium may occur.
The monetary value of investments does not need
to be stated.
11 The account number of, or financial amounts held
in, savings or investment accounts do not need to
be stated.
12 This does not include gifts received from related Gift means either of the following—
persons or other persons related by blood or the transfer of money or other property:
marriage or friends. without consideration, or
for a consideration substantially less than full
Includes election donations made to an individual consideration, or
councillor and election donations made to a group a loan of money or other property made on a
of candidates of which the councillor is associated permanent or indefinite basis, other than an
with. overdraft facility.
13 This does not include incidental travel or A person receives a sponsored hospitality
accommodation that involve little to no value. For benefit if—
example, sleeping a night at a family or friend’s the person, other than in an official capacity—
house or car pooling arrangements. undertakes travel, or
uses accommodation, and
a contribution, whether financial or non-
financial, for the cost of the travel or
accommodation is made by another person.
Note: A person does not however receive a
sponsored hospitality benefit if the contribution
was made by the person’s spouse, or other
family member or friend unless there could be a
perception of a conflict of interest, financial or
otherwise, relating to the contribution.
14 Includes honorary patrons, honorary members etc.
Form 2 – Register of interests of a councillor and their related persons
Version no: October 2018 Page 13 of 14
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