(1) A member of the Council whose interest may directly or indirectly be affected by a decision of the Council on any matter shall disclose the nature of his or her interest at the first meeting of the Council at which he or she is present after the relevant facts have come to his or her knowledge.
(2) A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Council and after the disclosure the member concerned may not vote on the matter, and unless otherwise directed by the Council shall not be present at any meeting when the matter is being decided by the Council.