Northern Territory Consolidated Acts Northern Territory Consolidated Acts13. Disclosure of interest
(1) A member who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Board, 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 he is not a director, shall, as soon as possible after the relevant facts have come to his knowledge, disclose the nature of his interest at a meeting of the Board.
(2) A disclosure under subsection (1) shall be recorded in the minutes of the Board, and the member:
(a) shall not, while he has that interest, take part after the disclosure in any deliberation or decision of the Board; and
(b) shall be disregarded for the purpose of constituting a quorum of the Board,
in relation to that matter.