(1) A member of the
Council who has a direct or indirect pecuniary interest in a matter that is
before a meeting of the Council must, as soon as possible after the relevant
facts have come to his or her knowledge, disclose the nature of the interest
to the Council members who are at that meeting.
(2) If a member of the
Council has, in the opinion of the person presiding at a meeting of the
Council, a direct or indirect pecuniary interest in a matter before that
meeting, the person presiding may call on the member to disclose the nature of
that interest and, in default of any such disclosure, may determine that that
interest exists.
(3) A disclosure by a
member of an interest in a matter or a determination that a member is
interested in a matter must be recorded in the record of the meeting
concerned.
(4) A member who has
made a disclosure of an interest in a matter, or in respect of whom a
determination has been made in relation to a matter, may take part in the
consideration or discussion of the matter, but not in advising, or any
decision related to advising, the Minister on the matter.
(5) An interest need
not be disclosed under this section if it is an interest common to a
significant number of persons in the State.
[Section 24 inserted: No. 38 of 2007 s. 107.]