(1) This section applies to a Tribunal member if—
(a) the Tribunal member has a direct or indirect interest, financial or otherwise, in a matter being considered, or about to be considered, by the Tribunal; and
(b) the interest could conflict with the proper performance of the Tribunal member in considering the matter.
(2) As soon as practicable after the relevant facts come to the Tribunal member's knowledge, the Tribunal member must disclose the nature of the interest at a meeting of the Tribunal.
(3) The Tribunal member must not take part, or take further part, in any consideration of, or decision about, the matter without the consent of the other Tribunal members.
(4) A disclosure under subsection (2) must be recorded in the minutes of the meeting of the Tribunal.