Duty to avoid conflicts of interest
6 Duty to avoid conflicts of interest
A prescribed practitioner must take all reasonable steps to—
manage and disclose potential or actual conflicts of interest to a client of the practitioner, and
avoid actual conflicts of interest if practicable.
A prescribed practitioner must not improperly use the prescribed practitioner’s status, position, powers or duties for the purpose of obtaining, either directly or indirectly, a personal benefit or benefit for a relative or close associate of the prescribed practitioner.
A prescribed practitioner must not solicit or accept an improper benefit in relation to the carrying out of the practitioner’s work.
A prescribed practitioner must take all reasonable steps to ensure that a relative or close associate of the prescribed practitioner does not solicit or accept an improper benefit, whether on the practitioner’s behalf or on behalf of another person.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.