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Incorporated Societies Act 2022

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

65: Consequences of failing to disclose interest

You could also call this:

"What happens if someone doesn't disclose their interests?"

Illustration for Incorporated Societies Act 2022

You must tell the society's members if someone does not follow the rules about disclosing their interests, as stated in section 63 or 64. You have to do this as soon as possible after you find out about the problem. If someone does not follow these rules, it does not make any decisions or actions invalid. However, this does not stop anyone from asking for a judicial review. You can still ask for this even if the decision or action is still valid.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS100944.

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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?"

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66: Regulations may provide for how members are notified, or

"How members of a group are told important information"

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

65Consequences of failing to disclose interest

  1. The committee must, in the manner prescribed by the regulations (if any), notify the members of the society of a failure to comply with section 63 or 64, and of any transactions affected, as soon as practicable after becoming aware of the failure.

  2. A failure to comply with section 63 or 64 does not affect the validity of an act or a matter.

  3. However, subsection (2) does not limit the right of any person to apply for judicial review.

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