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Paragraph 9

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

If a member of the Authority–

(a)

has any pecuniary interest, direct or indirect–

(i)

in any contract or proposed contract to which the Authority are or would be a party, or

(ii)

in any other matter with which the Authority are concerned, or

(b)

is a director of a company or body with which a contract or proposed contract such as is mentioned in head (i) above is made or proposed to be made,

and is present at a meeting of the Authority or of any committee of the Authority at which that contract, proposed contract or matter is considered, he shall, so soon as practicable after the commencement of that meeting, disclose his interest and withdraw from the meeting.