Part 2 s 63 Crown Entities Act 2004 Version as at 1 July 2024 63 Obligation to disclose interest (1) A member who is interested in a matter relating to the statutory entity must dis‐ close details of the interest in accordance with section 64 as soon as practicable after the member becomes aware that he or she is interested. (2) A general notice of an interest in a matter relating to the statutory entity, or in a matter that may in future relate to the entity, that is disclosed in accordance with section 64 is a standing disclosure of that interest for the purposes of this section. (3) A standing disclosure ceases to have effect if the nature of the interest materi‐ ally alters or the extent of the interest materially increases. 64 Who disclosure of interests must be made to The member must disclose details of the interest in an interests register kept by the statutory entity and to— (a) the chairperson or, if there is no chairperson or if the chairperson is unavailable or interested, the deputy or temporary deputy chairperson; or (b) the responsible Minister, if there is neither a chairperson nor a deputy or temporary deputy chairperson, or if both the chairperson and the deputy or temporary deputy chairperson are unavailable or interested. Section 64(a): amended, on 18 July 2013, by section 13 of the Crown Entities Amendment Act 2013 (2013 No 51). Section 64(b): amended, on 18 July 2013, by section 13 of the Crown Entities Amendment Act 2013 (2013 No 51). 65 What must be disclosed The details that must be disclosed under section 64 are— 66 (a) the nature of the interest and the monetary value of the interest (if the monetary value can be quantified); or (b) the nature and extent of the interest (if the monetary value cannot be quantified). Consequences of being interested in matter A member who is interested in a matter relating to a statutory entity— 38 (a) must not vote or take part in any discussion or decision of the board or any committee relating to the matter, or otherwise participate in any activity of the entity that relates to the matter; and (b) must not sign any document relating to the entry into a transaction or the initiation of the matter; and (c) is to be disregarded for the purpose of forming a quorum for that part of a meeting of the board or committee during which a discussion or decision relating to the matter occurs or is made.