1986 Ed.]
Regional Council
[CAP. 385
11
is so remote or insignificant that it cannot reasonably be regarded as likely to influence a member in the consideration or discussion of, or in voting on, any question with respect to that contract or matter. (4) For the purposes of this section a member shall be treated as having indirectly a pecuniary interest in a contract or other matter, if-
(a) he, or any nominee of his, is a member of a company or other body with which the contract is made or is proposed to be made or which has a direct pecuniary interest in the other matter under consideration; or
(b) he is a partner, or in the employment, of a person with whom the contract is made or is proposed to be made or who has a direct pecuniary interest in the other matter under consideration:
Provided that-
(i) this subsection shall not apply to membership of, or employment under, any public body;
(ii) a member of a company or other body shall not, by reason only of his membership, be treated as being so interested if he has no beneficial interest in any shares or stock of that company or other body.
(5) In the case of married persons the interest of one spouse shall, if known to the other, be deemed for the purposes of this section to be also an interest of that other spouse.
(6) A general notice given in writing to the Secretary by a member to the effect that he or his spouse is a member or in the employment of a specified company or other body, or that he or his spouse is a partner or in the employment of a specified person, shall, unless and until the notice is withdrawn, be deemed to be a sufficient disclosure of his interest in any contract, proposed contract or other matter relating to that company or other body or to that person which may be the subject of consideration after the date of the notice.
(7) The Secretary shall record in a book to be kept for the purpose particulars of any disclosure made under subsection (1), and of any notice given under subsection (6), and the book shall be open at all reasonable hours to the inspection of any member of the Regional Council.
(8) Any person who fails to comply with subsection (1) shall be guilty of an offence and shall be liable to a fine of $10,000 for each offence, unless he proves that he did not know that a contract, proposed contract, or other matter in which he had a pecuniary interest was the subject of consideration at the meeting.
(9) No prosecution of an offence under this section shall be instituted without the consent of the Attorney General.
(10) The Regional Council may by standing orders provide for the exclusion of a member from a meeting of the Regional Council