Yes.
Again, it's legal to do that. What's even worse is that, because of the biggest loophole in the act, he's allowed to participate in decisions that affect his investments 99% of the time, because the definition of “private interest” in the act says that you are not in a conflict and the act does not apply when you are dealing with a matter that applies generally. Because 99% of the decisions the Prime Minister, cabinet ministers and top government officials make apply generally, the act only applies 1% of the time to very specific decisions.
As a result, it's almost impossible to be in a conflict of interest under this act.