What does pecuniary interests mean?

What does pecuniary interests mean?

What are pecuniary interests? A person’s pecuniary interests are their business interests (for example their employment, trade, profession, contracts, or any company with which they are associated) and wider.

What is a disclosable pecuniary interest?

Disclosable Pecuniary Interests $ disclosable pecuniary interest is broadly defined as including: • Business interests (for example employment, trade, profession, contracts or any company with which a person is associated) • Wider financial interests (for example trust funds, investments and.

What are non pecuniary interests?

What is a Non-Pecuniary interest? – this is an interest which is not pecuniary (as defined) but is nonetheless so significant that a member of the public with knowledge of the relevant. facts, would reasonably regard to be so significant that it would materially impact upon your.

What does declaration of interests mean?

Declaration of Interest means an interest of a member that may affect his or her ability to act in the best interest of the DCCC.

What does pecuniary mean in law?

relating to money
The literal definition of the word pecuniary is “relating to money.” When we discuss pecuniary damages or losses in a personal injury case, we are talking about those damages that we can quantify in financial terms. Another term you may hear to describe pecuniary losses is “economic damages.”

How do you use pecuniary in a sentence?

Pecuniary sentence example

1. His pecuniary troubles were now at an end.
2. He won the good-will of his employers by devoting himself to the improvement of their manufacturing business, and he kept his hands clean from the prevalent taint of pecuniary transactions with the nawab of the Carnatic.

What is a pecuniary interest UK?

A person’s pecuniary interests are their business interests (for example their employment, trade, profession, contracts, or any company with which they are associated) and wider financial interests they might have (for example trust funds, investments, and assets including land and property).

Are parish Councillors personally liable?

Generally speaking, no. The Parish Council is a corporate body which means that in law it has an identity separate to that of its members. The only exception would be an extreme case of negligence where a Councillor has acted contrary to Council policy, which may lead to personal liability.

What does non pecuniary mean?

Non-pecuniary losses, or non-economic damages, are those damages that are not economic in nature, yet still affect a person’s lifestyle and enjoyment of life. They cannot be quantified mathematically like lost income or medical bills.

What is the difference between pecuniary and non pecuniary interest?

non pecuniary interest means a situation where an Alderman has a private or personal interest in a matter that does not relate to a financial loss or gain for the Aldermen (e.g. a friendship, family, membership of a club or organisation). non pecuniary interest means any interest which affects your personal wellbeing.

When should a declaration of interest be made?

Declarations should ideally be made in advance when it is recognised that a conflict may occur, or if unknown at the time the conflict arises. In addition, all staff (including professional services staff) are expected to submit an annual declaration on interest, even if no conflicts exists.

What is a declaration of interest NHS?

NHS staff are required to declare any conflict of interests that arise in the course of conducting NHS business. Staff should declare any business interests, positions of authority in a charity or voluntary body in the field of health and social care, or other body contracting for NHS services.

What is a ‘Disclosable Pecuniary interest?

‘disclosable pecuniary interest’ is an interest of yourself or your partner (which means spouse or civil partner, a person with whom you are living as husband or wife, or a person with whom you are living as if you are civil partners) within the following descriptions:

What are the rules for pecuniary interests?

Those rules, originating in the Local Government Act 1972 and the Local Government and Housing Act 1989, involved local authority members registering their pecuniary interests in a publicly available register, and disclosing their interests and withdrawing from meetings in certain circumstances.

When do you have to disclose pecuniary interests to the monitoring officer?

When you are first elected, co-opted, or appointed a member to your council or authority, you must, within 28 days of becoming a member, tell the monitoring officer who is responsible for your council’s or authority’s register of members’ interests about your disclosable pecuniary interests.

When did the Pecuniary Interests Act start?

Those rules, originating in the Local Government Act 1972 and the Local Government and Housing Act 1989, involved local authority members registering their pecuniary interests in a publicly available register, and disclosing their interests and withdrawing from meetings in certain circumstances.