134IMembers' pecuniary interests

134I Members' pecuniary interests (1) A member of HPV who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by HPV must, as soon as practicable after the relevant facts have come to his or her knowledge, declare the nature of the interest at a meeting of HPV. 1. 5 penalty units. (2) The person presiding at the meeting must cause the declaration to be recorded in the minutes of the meeting. (3) A member who has a conflict of interest in a matter— (a) must not be present during any deliberations on the matter; and (b) is not entitled to vote on the matter. (4) If a member votes on a matter in contravention of subsection (3)(b), his or her vote must be disallowed. (5) For the purposes of this section, a member is not to be regarded as having a pecuniary interest in a contract or arrangement only because that contract or arrangement may benefit— (a) a public hospital in which the member is employed; or (b) a company or other body in which the member has a beneficial interest that does not exceed 1% of the total nominal value of beneficial interests in that company or body. S. 134J