26ADisclosure of interest on becoming aware of conflict of interest

26A Disclosure of interest on becoming aware of conflict of interest (1) This section applies if a member of an Institute entity becomes aware that he or she has, or may have, a direct or indirect pecuniary interest in: (a) a matter being (or to be) considered by the entity; or (b) something being (or to be) done by the entity. (2) The member must, as soon as possible, disclose the nature of the interest or possible interest at a meeting of the entity. (3) The member must not: (a) be present during deliberations, or take part in making a decision, in relation to the matter or thing; or (b) perform a function under this Act in relation to the matter or thing. (4) However, all or part of subsection (3) does not apply if the Institute entity passes a resolution to that effect after deliberating and voting on the matter in the member's absence.