Crown Entities Act 2004

Establishment and governance of Crown entities - Statutory entities - Conflict of interest disclosure rules

62: When interests must be disclosed

You could also call this:

"Telling others about personal interests that could affect your decisions"

When you are part of a Crown entity, you need to know what a "matter" is. A matter can be when the entity does its job or makes a decision, or when it makes an agreement with someone. You are involved in a matter if it affects you or your family financially.

You are considered interested in a matter if you can get money from it, or if someone close to you can get money from it. This includes your spouse, partner, child, or parent. You are also considered interested if you have a job or role with a company that is involved in the matter.

However, you are not considered interested in a matter just because you work for a company that is connected to the Crown entity. You are also not considered interested if you get paid for your job or get benefits that are allowed by law. If your interest in a matter is very small, it is not considered a problem. You are not considered interested just because you used to work in the same area or industry. In some cases, the law that governs the Crown entity may say that you are not considered interested, even if you think you are.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM329995.


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"When you can trust information and advice as a member of a government group"


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63: Obligation to disclose interest, or

"Tell others if you have a personal interest in something that affects your group"

Part 2Establishment and governance of Crown entities
Statutory entities: Conflict of interest disclosure rules

62When interests must be disclosed

  1. In this section, matter means—

  2. a statutory entity's performance of its functions or exercise of its powers; or
    1. an arrangement, agreement, or contract made or entered into, or proposed to be entered into, by the entity.
      1. A person is interested in a matter if he or she—

      2. may derive a financial benefit from the matter; or
        1. is the spouse, civil union partner, de facto partner, child, or parent of a person who may derive a financial benefit from the matter; or
          1. may have a financial interest in a person to whom the matter relates; or
            1. is a partner, director, officer, board member, or trustee of a person who may have a financial interest in a person to whom the matter relates; or
              1. may be interested in the matter because the entity's Act so provides; or
                1. is otherwise directly or indirectly interested in the matter.
                  1. However, a person is not interested in a matter—

                  2. only because he or she is a member or an officer of a wholly-owned subsidiary of the entity or of a multi-parent subsidiary of the entity and 1 or more other Crown entities; or
                    1. because he or she receives an indemnity, insurance cover, remuneration, or other benefits authorised under this Act or another Act; or
                      1. if his or her interest is so remote or insignificant that it cannot reasonably be regarded as likely to influence him or her in carrying out his or her responsibilities under this Act or another Act; or
                        1. only because he or she has past or current involvement in the relevant sector, industry, or practice; or
                          1. if an entity's Act provides that he or she is not interested, despite this section.
                            Notes
                            • Section 62(2)(b): amended, on , by section 7 of the Relationships (Statutory References) Act 2005 (2005 No 3).
                            • Section 62(3)(a): amended, on , by section 12(1) of the Crown Entities Amendment Act 2013 (2013 No 51).
                            • Section 62(3)(ca): inserted, on , by section 12(2) of the Crown Entities Amendment Act 2013 (2013 No 51).