Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) If a member has a direct or indirect pecuniary interest in any matter which is the subject of consideration at a meeting of the statutory body of which he is a member he shall, as soon as possible after he knows that he has the interest and that that statutory body is considering the matter, disclose his interest to that statutory body.
(2) A statutory body may direct a member who has disclosed an interest in a matter under subsection (1) to refrain from taking part in the deliberations of the body in relation to that matter, and the member shall comply with the direction.
Penalty: $1,000.
(3) A member required under subsection (2) to refrain from taking part in the deliberation of the statutory body of which he is a member shall be disregarded for the purpose of determining whether a quorum has been formed.