(1) A member of the Commission must disclose any personal interest in any matter being considered, or about to be considered, by the Commission.
(2) The disclosure must:
(a) be made as soon as possible after the member becomes aware of the relevance of the personal interest in the matter and before the matter is considered by the Commission; and
(b) explain the nature and extent of the personal interest and how it relates to the matter; and
(c) be recorded in the minutes of the Commission.
(3) A member with a personal interest in a matter must not:
(a) be present when the Commission considers the matter; or
(b) take part in a decision of the Commission on the matter.
(4) For this section, a member has a personal interest in a matter if:
(a) the member has a direct or indirect financial interest in the matter; or
(b) the member has a personal, professional, commercial or other relationship with a person or entity and the nature of the relationship is likely to, or may reasonably be regarded as likely to, inhibit or prevent the member from exercising independent judgment about the matter; or
(c) there is a reasonable possibility that the member's participation in the consideration of a matter will give a person or entity associated with the member a commercial advantage.