While in office, public office holders must not allow themselves to be influenced in the exercise of an official power, duty or function by plans for, or offers of, outside employment. Before they leave their position, reporting public office holders must also disclose all firm offers of outside employment to the Office of the Conflict of Interest and Ethics Commissioner within seven days after receiving them.
All public office holders are subject to the Conflict of Interest Act's post-employment rules after they leave public office.
Rules that apply for life for all public office holders and are not subject to any exemption, waiver or reduction include: not taking improper advantage of previous public office, switching sides, or using information obtained while in office that is not available to the public.
Additional rules apply to reporting public office holders. Depending on their position, former reporting public office holders must observe a one- or two-year cooling-off period. Outlined in more detail in Part 3 of the Act, this includes rules prohibiting contracting with and making representations to entities with which they had direct and significant official dealings.
There are no post-employment rules in the Conflict of Interest Code for Members of the House of Commons.