Northern Territory Numbered Acts Northern Territory Numbered Acts(1) This section applies if a member of an industry board has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the board.
(2) The member must, as soon as possible after the relevant facts come to the attention of the member, disclose the nature of the interest:
(a) for a member who is not the Chairperson – to the Chairperson; and
(b) for the Chairperson – to the Minister.
(3) The member who makes the disclosure:
(a) must not take part in any deliberation or decision of the industry board in relation to the matter that occurs after the member makes the disclosure; and
(b) must be disregarded for the purpose of constituting a quorum of the industry board while the matter is deliberated and the board's decision about the matter is made.
(4) The Minister may make and publish guidelines specifying the types of interests that a member of an industry board must disclose under this section.