Plain language law

New Zealand law explained for everyone

Crown Entities Act 2004

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

66: Consequences of being interested in matter

You could also call this:

"What happens if you have a personal interest in a decision you're helping make"

Illustration for Crown Entities Act 2004

If you are a member of a statutory entity and you have an interest in a matter, you must not vote on it. You also cannot take part in any discussions or decisions about the matter, or do anything else related to it for the entity. This means you cannot sign any documents about the matter either, and when the entity is discussing or deciding on the matter, you will not be counted as being at the meeting for the purpose of having enough people to make decisions.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330300.

Topics:
Government and voting > Government departments
Previous

65: What must be disclosed, or

"What information must be shared when you have a conflict of interest"

Next

67: Consequences of failing to disclose interest, or

"What happens if you don't tell people about your interests when you're supposed to"

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

66Consequences of being interested in matter

  1. A member who is interested in a matter relating to a statutory entity—

  2. must not vote or take part in any discussion or decision of the board or any committee relating to the matter, or otherwise participate in any activity of the entity that relates to the matter; and
    1. must not sign any document relating to the entry into a transaction or the initiation of the matter; and
      1. is to be disregarded for the purpose of forming a quorum for that part of a meeting of the board or committee during which a discussion or decision relating to the matter occurs or is made.