Conflicts of Interest resources
Clubs that have reregistered under the new Incorporated Societies Act 2022 (the Act) must keep an Interests Register, which records actual, potential, or perceived conflicts of interest. We also recommend that clubs that have yet to reregister under the Act with a new constitution also start and maintain an Interest Register in preparation for reregistering.
Officers (committee/board members and others with significant influence) have a duty to disclose conflicts of interest to the committee. (committee refers to your governing body, which may also be called a board)
Conflicts of interest are a common cause of disputes and governance issues for clubs. Identifying and managing conflicts of interest can prevent larger issues from arising and ensure that decisions are fair and impartial and made in the best interest of the club.