Substitute the following section:
“22.—(1) Where a member of the staff of the Authority, or a consultant, adviser or other person engaged by the Authority, has a pecuniary interest or other beneficial interest in, or material to, any matter which falls to be considered by the Authority in relation to its functions under this Act, he or she—
(a) shall disclose to the Authority the nature of his or her interest in advance of any consideration of the matter,
(b) shall neither influence nor seek to influence a decision in relation to the matter,
(c) shall take no part in any consideration of the matter, unless there are compelling reasons requiring him or her to do so, and
(d) shall prepare and furnish to the Authority a statement in writing of the compelling reasons.
(2) For the purposes of this section but without prejudice to the generality of subsection (1), a person shall be regarded as having a beneficial interest if he or she or any member of his or her household—
(a) holds a licence,
(b) or any nominee of his or her is a member of a company or any other body which has a beneficial interest in, or material to, a matter referred to in that subsection,
(c) is in partnership with or is in the employment of a person who has a beneficial interest in, or material to, such a matter, or
(d) is a party to any arrangement or agreement (whether or not enforceable) concerning land to which such a matter relates.
(3) For the purposes of this section, a person shall not be regarded as having a beneficial interest in, or material to, any matter, by reason only of an interest of his or hers or of any company or of any other body or person mentioned in subsection (2) which is so remote or insignificant that it cannot reasonably be regarded as likely to influence a person in considering, discussing or in voting on, any question with respect to the matter, or in performing any function in relation to that matter.
(4) Where a question arises as to whether or not a course of conduct, if pursued by a person, would be a failure by him or her to comply with the requirements of subsection (1), the question shall be determined by the Authority.
(5) Where a disclosure is made to the Authority, particulars of the disclosure shall be recorded in the minutes of any meeting concerned.
(6) Where a person referred to in this section fails to make a disclosure in accordance with this section, the Authority shall decide the appropriate action (including removal from office or termination of contract) to be taken.”.
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