(1)  A member who has a direct or indirect pecuniary interest in a matter being considered by the Committee must, as soon as practicable after the relevant facts come to the knowledge of the member, disclose the nature of that interest at a meeting of the Committee.

(2)  A disclosure under subregulation (1) is to be recorded in the minutes and the member must not, unless the Committee determines otherwise –

(a) be present during any deliberations of the Committee in respect of the matter; or

(b) take part in any decision of the Committee in respect of that matter.