Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) A member of a council who has a direct or indirect pecuniary interest in:
(a) a matter being considered or about to be considered at a meeting of the council; or
(b) a thing being done or about to be done by the council;
otherwise than as a member of, and in common with the other members of, an incorporated company consisting of not less than 25 members and of which the person is not a director, must, as soon as possible after the relevant facts have come to his knowledge, disclose the nature of the interest at a meeting of the council.
(2) A disclosure by a member at a meeting of a council that he or she:
(a) is a member, or is in the employment, of a specified company or other body; or
(b) is a partner, or is in the employment, of a specified person; or
(c) has some other specified interest relating to a specified company or other body or a specified person;
is taken to be a sufficient disclosure of the nature of the interest in any matter or thing relating to that company or other body, or to that person, which may arise after the date of the disclosure.
(3) A council must record particulars of all disclosures made under this section in a book kept for the purpose and that book must be open at all reasonable times to the inspection of any person on payment of such fee, if any, as is determined from time to time by the council.
(4) After a member of a council has, or is taken to have, disclosed the nature of an interest in a matter or thing under this section, the member must not, unless the council (in the absence of the member) otherwise determines:
(a) be present during any deliberation of the council, or take part in a decision of the council, in relation to that matter; or
(b) exercise a function under this Part in relation to that thing.
(5) A reference in this section to a council includes a reference to a committee of a council.