Liability for actions taken under Part
35 Liability for actions taken under Part
A matter or thing done or omitted to be done by STC, the STC Board, a member of the Board or any person acting under the direction of STC or the Board, does not, if the matter or thing was done or omitted to be done in good faith—
in connection with obtaining or making a revocation election, or
in connection with an arrangement, or proposed arrangement, under this Part, or
in connection with the provision of information in relation to clauses 29–34 or an arrangement, or proposed arrangement, under this Part, or
for the purpose of executing clauses 29–34,
subject STC, a member of the Board or a person so acting to any action, liability, claim or demand.
A matter or thing done or omitted to be done by FTC, the FTC Board, a member of the Board or any person acting under the direction of FTC or the Board, does not, if the matter or thing was done or omitted to be done in good faith—
in connection with obtaining or making a revocation election, or
in connection with an arrangement, or proposed arrangement, under this Part, or
in connection with the provision of information in relation to clauses 29–34 or an arrangement, or proposed arrangement, under this Part, or
for the purpose of executing clauses 29–34,
subject FTC, a member of the Board or a person so acting to any action, liability, claim or demand.
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