Northern Territory Numbered Acts Northern Territory Numbered Acts(1) A member of the Board must disclose any personal interest in any matter being considered, or about to be considered, by the Board or a committee of the Board.
(2) The disclosure must:
(a) be made before the matter is considered by the Board or committee; and
(b) explain the nature and extent of the personal interest and how it relates to the matter; and
(c) be recorded in the minutes of the Board or committee when the disclosure is made.
(3) A member with a personal interest in a matter must not:
(a) be present when the Board or committee considers the matter; or
(b) take part in a decision of the Board or committee on the matter.
(4) For this section, a member has a personal interest in a matter if the member:
(a) has a direct or indirect financial interest in the matter; or
(b) has a personal, professional, commercial or other relationship with a person and the nature of the relationship is likely to, or may reasonably be regarded as likely to, inhibit or prevent the member from exercising independent judgment about the matter; or
(c) there is a reasonable possibility that the member's participation in the consideration of a matter will give an entity associated with the member a commercial advantage.