17Disclosure of interest

17 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 Council, otherwise than as a member of, and in common with the other members of, an incorporated company which consists of more 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 Council. (2) A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Council and the member:

(a) shall not take part in any decision of the Council with respect to that matter; and

(b) if the Council so determines—shall not be present during any deliberation of the Council with respect to that matter.