(1) Any member of the Commission or any committee of the Commission who, otherwise than as such a member, is directly or indirectly interested in the exercise or performance of any power or function by the Commission or committee, or who is directly or indirectly interested in any arrangement, agreement, or contract made or entered into, or proposed to be made or entered into, by the Commission or committee, as soon as possible after the relevant facts have come to the member's knowledge, shall disclose the nature of the interest at a meeting of the Commission or committee, as the case may require.
(2) A disclosure under this section shall be recorded in the minutes of the Commission or committee and, except as otherwise provided by resolution of the Commission or committee, the member—
(a) Shall not take part, after the disclosure, in any deliberation or decision of the Commission or committee relating to the exercise or performance of the power or function by the Commission or committee or relating to the arrangement, agreement, or contract; and
(b) Shall be disregarded for the purpose of forming a quorum of the Commission or committee for any deliberation or decision.
This Act was repealed as from 1 January 2003, by section 63 Sport and Recreation New Zealand Act 2002 (2002 No 38). See clause 2 Sport and Recreation New Zealand Act Commencement Order 2002 (SR 2002/376).