(1) A commissioner who either directly or indirectly, has a pecuniary or other interest in a matter before the Commission shall declare the nature of his or her interest at the first meeting of the Commission at which it is practicable to do so.
(2) Where a commissioner declares an interest under subsection (1), the commissioner shall leave the meeting upon the matter coming up for discussion and shall not receive any other communication on the matter.
(3) A declaration and the departure of a commissioner from the meeting in accordance with subsection (1) shall be noted in the minutes of the meeting.
(4) A commissioner who —
(a) contravenes subsection (1);
(b) votes in respect of a matter before the Commission in which he or she is interested, whether directly or indirectly; or
(c) seeks to influence the vote of any other commissioner in relation to a matter before the Commission in which he or she is materially interested, whether directly or indirectly,
is guilty of misconduct and section 25 shall apply.
(5) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding $10,000 or to a term of imprisonment not exceeding one year or to both.