Crown Entities Act 2004

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

63: Obligation to disclose interest

You could also call this:

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

If you are a member of a statutory entity and you have an interest in a matter, you must tell others about it. You do this by following the rules in section 64 as soon as you know you have an interest. You need to give details of your interest, and you must do this quickly. If you already told others about your interest, you do not need to tell them again unless your interest changes.

If you told others about your interest in a matter that might affect the entity in the future, this is like a warning that you have an interest in that matter. This warning stays in place until your interest changes or becomes stronger. You must follow the rules in section 64 when you give this warning.

If your interest changes or becomes stronger, your warning is no longer valid.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM329997.

Topics:

Government and voting > Government departmentsBusiness > Industry rules

62: When interests must be disclosed, or

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

64: Who disclosure of interests must be made to, or

"Who you must tell about your interests when you're part of a government group"

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

63Obligation to disclose interest

A member who is interested in a matter relating to the statutory entity must disclose details of the interest in accordance with section 64 as soon as practicable after the member becomes aware that he or she is interested.
A general notice of an interest in a matter relating to the statutory entity, or in a matter that may in future relate to the entity, that is disclosed in accordance with section 64 is a standing disclosure of that interest for the purposes of this section.
A standing disclosure ceases to have effect if the nature of the interest materially alters or the extent of the interest materially increases.