Notice of a Director's Interest
This Notice allows a company director to disclose any interests they have that relate to the affairs of the company, as required by legislation.
(0 reviews)
Last updated December 17, 2024
Under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
Directors have a duty under section 191 of the Corporations Act 2001 to disclose any material personal interest that relates to the affairs of the company, as they arise. This document fulfils the requirement of section 192 of the Corporations Act to give a standing notice of this meeting to the directors. For this to be properly executed, the notice must be provided to every director and must be tabled at the next directors' meeting.
Notices must be given as interests arise, and must include all the details required in this document.
The Legal Risk Score of a Notice of a Director's Interest Template
Our legal team have marked this document as low risk considering:
- There is a risk that the notice might not fully capture the extent or nature of the director's interest if not described comprehensively, potentially leading to incomplete disclosures.
- The document does not specify the consequences or actions to be taken following the disclosure, which may lead to uncertainty about the next steps after the notice is tabled.
- The timing for when the notice is to be tabled is specified as the "next available meeting," which could introduce delays or ambiguity regarding the urgency and processing of the information.
Notice of a Director's Interest Checklist
Complete your free Notice of a Director's Interest with our checklist
Ensure Accuracy of Information
Verify that all details about the director's interests, including the nature and extent, are accurately and comprehensively described in the notice.
Schedule for Next Directors' Meeting
Arrange for the notice to be included in the agenda for the next available meeting of directors, as stipulated by the document.
Document Filing
Keep a signed copy of the notice in the company’s records for legal and regulatory compliance.
Review by Legal Counsel
Consider having the completed notice reviewed by a lawyer to ensure all legal requirements are met and to address any potential legal implications.
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