(1) A person exercising functions under this Act, when exercising the functions, must act honestly and with integrity.
(2) A person exercising functions under this Act must exercise the person's functions under this Act—
(a) in good faith; and
(b) in a financially responsible manner; and
(c) with a reasonable degree of care, diligence and skill.
(3) A person exercising functions under this Act must not make improper use of the person's position or of information that comes to the person's knowledge in the course of, or because of, the person's exercise of the functions to gain an advantage for the person or another person.