New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) A member who, other than as a member, is directly or indirectly interested in any arrangement or agreement made or entered into, or proposed to be made or entered into, by the committee must, as soon as practicable after the relevant facts have come to the member's knowledge, disclose the nature of the member's interest at a meeting of the committee.
(2) A disclosure under this regulation must be recorded in the minutes of the committee and, except as otherwise provided by a resolution of the committee, after the disclosure the member must not take part in a deliberation or decision relating to the arrangement or agreement and must withdraw from the meeting during the deliberation or decision.
