199C
In forceCertain indemnities, exemptions, payments and agreements not authorised and certain documents void
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2DOfficers and employees
Part 2D.2Restrictions on indemnities, insurance and termination payments
Division 1Indemnities and insurance for officers and auditors
199C Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
(1)
Sections 199A and 199B do not authorise anything that would otherwise be unlawful.
(2)
Anything that purports to indemnify or insure a person against a liability, or exempt them from a liability, is void to the extent that it contravenes section 199A or 199B.
This Act’s bill:Explanatory memorandumSecond reading speech
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