Clause 10

A member who is in any way, directly or indirectly, interested in a transaction or project of the Authority shall disclose the nature of his interest at a meeting of the Authority.

The disclosure by a member of his interest shall be recorded in the minutes of the Authority and that member shall not take part in any deliberation of the Authority with respect to the transaction or project.

For the purpose of determining whether there is a quorum, a member shall be treated as being present at a meeting notwithstanding that, by virtue of subsection (2), he cannot vote or has withdrawn from the meeting.

For the purposes of this section, a member whose spouse, parent, son, adopted son, daughter or adopted daughter has an interest in the transaction or project referred to in subsection (1) shall be deemed to be interested in such transaction or project.