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Incorporated Societies Act 2022

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

67: Constitution may negate, limit, or modify conflict of interest requirements

You could also call this:

"Your society's rules can change or cancel some conflict of interest requirements."

Illustration for Incorporated Societies Act 2022

You can have rules in your society's constitution that change or cancel some conflict of interest requirements. These rules must follow any conditions set by regulations. You can find these requirements in sections like 63, 64, 65(1), and 73. You can also have rules that stop your society from avoiding a transaction under section 68(1). Again, these rules must follow any conditions set by regulations. This rule does not affect other parts of the law, like sections 68(2) to (4) and 69 to 72.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS532940.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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66: Regulations may provide for how members are notified, or

"How members of a group are told important information"

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68: Avoidance of transactions, or

"Stopping a deal if someone in charge benefits from it"

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

67Constitution may negate, limit, or modify conflict of interest requirements

  1. The constitution of a society may negate, limit, or modify any provisions of sections 63, 64, 65(1), and 73 if the conditions prescribed by the regulations (if any) are satisfied.

  2. The constitution of a society may negate or limit the society’s ability to avoid a transaction under section 68(1) if the conditions prescribed by the regulations (if any) are satisfied.

  3. This section does not limit sections 68(2) to (4) and 69 to 72.