51Disclosure of interests by members of council

51 Disclosure of interests by members of council (1) This section applies to a member of the council if— (a) the member has a direct or indirect financial interest in an issue being considered, or about to be considered, by the council; and (b) the interest could conflict with the proper exercise of the member’s functions in relation to the council’s consideration of the issue. (2) As soon as practicable after the relevant facts come to the member’s knowledge, the member must disclose the nature of the interest to a meeting of the council. (3) The disclosure must be recorded in the council’s minutes and, unless the council otherwise decides, the member must not— (a) be present when the council considers the issue; or (b) take part in a decision of the council on the issue.