Yes, but that's only the definition of a conflict of interest. That's not a contravention section; it's just a definition.
You have to look at the definition. For example, it's of relevance to the recusal provision, because if you feel that you're in a conflict of interest you have to also look at, for example, section 6. It's probably the most obvious one; you can't then participate in making a decision if you have one of these conflict of interest situations.