73
In forceDuties of members of STC Board
Part 3Trustee for STC schemes (STC)
Division 4Management of STC
73 Duties of members of STC Board
(1)
A member of the STC Board must exercise a reasonable degree of care and diligence for the purposes of ensuring that STC carries out the duties referred to in section 51.
(2)
For the purposes of this section, a reasonable degree of care and diligence is the degree of care and diligence that a reasonable person in the position of the member would exercise in STC’s circumstances.
This Act’s bill:Explanatory memorandumSecond reading speech
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