Northern Territory Numbered Acts Northern Territory Numbered Acts(1) This section applies if a member of a Board for a Service has a personal interest in a matter being considered, or about to be considered, by the Board.
(2) The member must disclose to the other members, as soon as practicable after the relevant facts come to the member's knowledge:
(a) the nature and extent of the interest; and
(b) how the interest relates to the matter mentioned in subsection (1).
(3) The disclosure must be recorded in the minutes of the meeting.
(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 otherwise than as a member of, and in common with the other members of, an incorporated company consisting of not less than 25 persons and of which the member is not a director; 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 being likely to, inhibit or prevent the member from exercising independent judgment about the matter.