31.— (1) Subject to subsection (2), a member of the staff of the Council (including the chief executive officer) who, otherwise than in the member’s capacity as such a member, has a material interest in a specified matter within the meaning of section 30(8) shall—

(a) disclose to the Council the nature of that interest,

(b) take no part in the negotiation of the arrangement, contract or other agreement concerned or in any deliberation by the Council or its staff relating to that matter,

(c) refrain from making any recommendation relating to the matter, and

(d) neither influence nor seek to influence a decision to be made in relation to the matter.

(2) Subsection (1) shall not apply to contracts or proposed contracts of employment of the members of the staff of the Council with the Council.

(3) Where a member of the staff of the Council fails to comply with subsection (1), the Council may—

(a) make such alterations to the member’s conditions of employment as it considers appropriate, or

(b) terminate the member’s contract of employment.