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What is a pecuniary interest notice book and how do you create and manage it?

Posted 08 November 2024

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If a committee member has a direct or indirect pecuniary interest in a matter being voted on, they must declare that interest. An example of a pecuniary interest is engaging a plumber to do repair and maintenance and the plumber is a nephew of the member.

Particulars of any disclosure made must be recorded by the strata committee in a book kept for that purpose and that book must be accessible at all reasonable hours for inspection by any person, upon provision of a fee determined by the committee.

Following the disclosure of a pecuniary interest by a committee member, that member cannot be present during any deliberation or take part in any decision-making of the strata committee in making that determination.

An example of a disclosure book is extracted as follow:

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This is an extract from our Strata Committee Manual.

To access more information, please fill in the below form to download our Strata Committee Manual for free.

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