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Valuers Bill

Valuers Registration Board and New Zealand Institute of Valuers - Valuers Registration Board

69B: Obligation to disclose interest

You could also call this:

"Valuers must tell others about their interests in a matter"

Illustration for Valuers Bill

If you are a member of the Board, you must tell others about your interest in a matter. You do this by following the rules in section 69C as soon as you know you have an interest. You tell others so they know about your interest. If you already told others about your interest, you do not need to tell them again. This is called a standing disclosure and it applies to the same interest. You made this disclosure by following the rules in section 69C. But if your interest changes a lot or gets much bigger, your standing disclosure is no longer valid.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=LMS1537178.

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69A: When interests must be disclosed, or

"When you must tell others about your interests in a matter"

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69C: How disclosure of interests must be made, or

"Telling people about your interests if you're on the Board"

Part 3Valuers Registration Board and New Zealand Institute of Valuers
Valuers Registration Board

69BObligation to disclose interest

  1. A member of the Board who is interested in a matter relating to the Board must disclose details of the interest in accordance with section 69C as soon as practicable after the member becomes aware that they are interested.

  2. A general notice of an interest in a matter relating to the Board, or in a matter that may in future relate to the Board, that is disclosed in accordance with section 69C is a standing disclosure of that interest for the purposes of this section.

  3. A standing disclosure ceases to have effect if the nature of the interest materially alters or the extent of the interest materially increases.