30
In forceIndemnification agreements entered into before commencement
Schedule 3Savings and transitional provisions
Part 5Provisions consequent on the enactment of the Superannuation Legislation Amendment Act 2007
30 Indemnification agreements entered into before commencement
(1)
Section 80A, as inserted by the Superannuation Legislation Amendment Act 2007, does not prevent STC from indemnifying a person who is or has been an officer of STC against a liability incurred as an officer of STC, without the approval of the Minister, if the indemnity is provided pursuant to a deed or other written agreement entered into by STC before the commencement of section 80A.
(2)
In this clause—
officer of STC means the following—
(a)
a member of the STC Board,
(b)
the chief executive officer of STC.
This Act’s bill:Explanatory memorandumSecond reading speech
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