12Pecuniary interests

12 Pecuniary interests

(1) A member or acting member who has a direct or an indirect pecuniary interest in a matter being considered or about to be considered by the Board 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 Board. (2) A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Board and the member or acting member shall not, unless the Minister or the Board otherwise determines: (a) be present during any deliberation of the Board with respect to that matter; or (b) take part in any decision of the Board with respect to that matter. (3) For the purposes of the making of a determination by the Board under subsection (2) in relation to a member or acting member who has made a disclosure under subsection (1), a member or acting member who has a direct or an indirect pecuniary interest in the matter to which the disclosure relates shall not: (a) be present during any deliberation of the Board for the purpose of making the determination; or (b) take part in the making by the Board of the determination.