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Valuers Bill

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

69E: Consequences of being interested in matter

You could also call this:

"What happens if a Board member has a personal interest in a decision"

Illustration for Valuers Bill

If you are a member of the Board and you have a personal interest in a matter, you cannot vote on it. You also cannot take part in discussions or decisions about the matter. You must not sign any documents related to the matter. If a meeting is happening and the matter is being discussed, you will not be counted when deciding if there are enough people at the meeting. You cannot participate in any Board activities related to the matter. This is to ensure that decisions are made fairly and without bias. You have to follow these rules to avoid any conflicts of interest and to make sure the Board's decisions are fair and unbiased.

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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=LMS1537181.

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69D: What must be disclosed, or

"What details must be shared about interests and their value?"

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69F: Consequences of failing to disclose interest, or

"What happens if you don't tell people about your interest when you should"

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

69EConsequences of being interested in matter

  1. A member of the Board who is interested in a matter relating to the Board—

  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 Board 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.