(1) A member of the
Board or a committee or subcommittee established by the Board who has a direct
or indirect pecuniary or personal interest in a matter decided or under
consideration by the Board or committee or subcommittee—
(a) must
disclose the nature of the interest to the Board or committee or subcommittee;
and
(b) must
not take part in any deliberations or decisions of the Board or committee or
subcommittee on the matter.
Maximum penalty: $5 000 or imprisonment for 1 year.
(2) It is a defence to
a charge of an offence against subsection (1) to prove that the defendant was
not, at the time of the alleged offence, aware of his or her interest in the
matter.
(3) A disclosure under
this section must be recorded in the minutes of the Board.