Declaration of Interest

(1) A member of the Council or any other person present at a meeting of the Council and who is in any way, whether directly or indirectly, interested in any contract or proposed contract or other matter with the Council that is the subject of consideration by the Council, shall during any time when he is present at that meeting forthwith declare that interest and shall withdraw from the meeting and remain absent whilst the matter is under discussion and shall not take part in the discussion, consideration, deliberation or decision or voting on such contract or other matter. (2) Any disclosure made under sub-section (1) above shall be recorded in the minutes of the Council meeting and the National Cultural Heritage Preservation 19 member shall be disregarded for the purpose of constituting a quorum of the Council for any such discussion, consideration, deliberation, decision or voting. (3) Any member of the Council who– (a) knowingly fails to declare any interest he is obliged by sub-section (1) to declare; (b) having declared such interest in accordance with sub-section (1) fails to withdraw from the meeting; or (c) having withdrawn from the meeting in accordance with sub-section (1), returns to that meeting during the time he is required by sub-section (1) to absent himself from the meeting, commits an offence and is liable on summary conviction to a fine not exceeding twenty thousand dollars, or to imprisonment for a term not exceeding five years, or to both such fine and term of imprisonment.