Yes, the laws across Canada for parking illegally are more clear and effective, the fines are higher and parking illegally almost never causes a problem, except when you're in front of a hydrant and there's a fire—then your windows get broken by the firefighters. The laws for parking illegally across Canada are stricter and stronger, and the penalties are higher for violating them than for violating this law, even though it's one of the most important laws protecting democratic government in Canada. That's why I call it a sad joke of a law.
It also doesn't apply 99% of the time, so it's almost impossible to be in a conflict of interest. When you're caught, you get a report saying you're in a conflict of interest. There has to be a sliding scale of penalties that are mandatory and go up with the more power you have, to really discourage these violations.
Also, all the loopholes have to be closed. If apparent conflicts of interest were added to the act, it would be meaningless because you're still allowed to be in an apparent conflict of interest 99% of the time. Unless you close the “general application” and “broad class of persons” loopholes, you are doing nothing to change the status quo, which allows for unethical, corrupt behaviour.