Version as at 1 July 2024 Crown Entities Act 2004 Part 2 s 69 67 Consequences of failing to disclose interest (1) The board must notify the responsible Minister of a failure to comply with section 63 or section 66, and of the acts affected, as soon as practicable after becoming aware of the failure. (2) A failure to comply with section 63 or section 66 does not affect the validity of an act or matter. (3) However, subsection (2) does not limit the right of any person to apply, in accordance with law, for judicial review. 68 Permission to act despite being interested in matter (1) The chairperson of a statutory entity may, by prior written notice to the board, permit 1 or more members, or members with a specified class of interest, to do anything otherwise prohibited by section 66, if the chairperson is satisfied that it is in the public interest to do so. (2) The permission may state conditions that the member must comply with. (3) The deputy or temporary deputy chairperson may give the permission if there is no chairperson, or if the chairperson is unavailable or interested. (4) The responsible Minister may give the permission if there is neither a chair‐ person nor a deputy or temporary deputy chairperson, or if both the chairperson and the deputy or temporary deputy chairperson are unavailable or interested. (5) The permission may be amended or revoked in the same way as it may be given. (6) The board must disclose an interest to which a permission relates in its annual report, together with a statement of who gave the permission and any condi‐ tions or amendments to, or revocation of, the permission. Section 68(3): amended, on 18 July 2013, by section 14 of the Crown Entities Amendment Act 2013 (2013 No 51). Section 68(4): amended, on 18 July 2013, by section 14 of the Crown Entities Amendment Act 2013 (2013 No 51). 69 Entity may avoid certain acts done in breach of conflict of interest rules (1) A statutory entity may avoid a natural person act done by the entity in respect of which a member was in breach of section 66. (2) However, the act— (3) (a) may be avoided only within 3 months of the affected act being disclosed to the responsible Minister under section 67; and (b) cannot be avoided if the entity receives fair value in respect of the act. An act in which a member is interested can be avoided on the ground of the member’s interest only in accordance with this section. Compare: 1993 No 105 s 141(1), (2), (6) 39