(1) A member who has an interest in a matter before a Council shall declare the nature of the interest at the first meeting of the Council at which it is practicable to do so and shall leave the meeting when the matter comes up for discussion.
(2) A declaration and the departure of a member from a meeting in accordance with subsection (1) must be noted in the minutes of the meeting.
(3) A member shall not—
(a) vote in respect of a matter before a Council in which that member has an interest; or
(b) seek to influence the vote of any other member of a Council in relation to the matter.
(4) A member who fails to comply with subsection (3) commits an offence and upon summary conviction, is liable to a fine not exceeding $10,000 or to imprisonment for a term not exceeding one year or to both.
(5) Notwithstanding subsection (4), where a member fails to comply with subsection (3), the failure to comply amounts to misconduct in which case section 10 applies.