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Incorporated Societies Act 2022

Administration of societies - Committee and officers - Conflict of interest disclosure rules

63: Duty to disclose interest

You could also call this:

"Tell the committee if you have a personal interest in something to do with the society"

Illustration for Incorporated Societies Act 2022

You must tell the committee if you are an officer and have an interest in something to do with the society. You need to say what your interest is and how much it is worth if you can. You must also put this information in a special book called an interests register that the committee keeps. You have to do this as soon as you can after you find out you have an interest in the matter. This rule is similar to rules in the Incorporated Societies Act 1986 and you can read more about it by looking at sections 63 and 65 of that Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS100942.

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62: When officer has interest, or

"What happens when a society officer has a personal interest in a decision"

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64: Consequences of being interested in matter, or

"What happens if you have a personal interest in a decision made by your society's committee?"

Part 3Administration of societies
Committee and officers: Conflict of interest disclosure rules

63Duty to disclose interest

  1. An officer who is interested in a matter relating to the society must disclose details of the nature and extent of the interest (including any monetary value of the interest if it can be quantified)—

  2. to the committee; and
    1. in an interests register kept by the committee.

      1. Disclosure under subsection (1) must be made as soon as practicable after the officer becomes aware that they are interested in the matter.

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