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(1) A member of the Board who has an interest in a matter for consideration shall

(a) disclose the nature of the interest and the disclosure shall form part of the record of consideration of the matter; and

(b) recuse himself or herself, and not participate in the deliberations of the Board in respect of that matter

(2) A member ceases to be a member of the Board, if that member has an interest in a matter before the Board and

 (a) fails to disclose that interest, and

 (b) is present and participates in the deliberations of the matter