Yes. But I'll just say with the act, they're all allowed to be in a direct financial conflict of interest; they're actually able to make decisions that make themselves money. That's the act. That's why I call it the “almost impossible to be in a conflict of interest” act.
The appearance standard in the code, now called the “Open and Accountable Government” guide or document, dates back to when Brian Mulroney first released it, and even before that. Before it was released, Trudeau had those words in there, “appearance of a conflict of interest”. It's never been enforced by any prime minister since Trudeau Sr., even though that standard has supposedly been there as a requirement for every minister and minister of state, parliamentary secretary, since the late seventies. What does it mean? It means a reasonable person looking at the situation says you're in a conflict of interest.
In terms of potential, that one is more difficult. I'm not actually worried about taking that right out, because if you are in a situation now that creates the appearance of a conflict of interest later, then later, when it becomes relevant, you can't act. You don't need to be looking in the future and trying to predict what's going to happen, and what portfolio you may be given. It will arise at that time and be an appearance of a conflict of interest, and you won't be able to act.
Unfortunately, despite all of the rhetoric, we have another prime minister who's not enforcing that standard yet again. There's more than one situation, not just the justice minister, where we have appearances of conflict of interest, and the people who are supposed to follow that rule are not being required to follow it.