Disclosure of interest ‑ Whether provisions of the section extend to contracts with public as well as private companies in which directors are interested

Disclosure of interest applies to contracts with both public and private companies where directors have any direct or indirect interest.

The disclosure provision adopts a broad standard of interest, covering any direct or indirect interest, so the term body corporate must be read by reference to its statutory definition and is not limited to private companies; the disclosure obligation therefore applies to contracts with both public and private companies where a director has an interest.