197
CurrentInteraction of preceding sections with other laws (cf Corporations Act s 185)
Chapter 3Management and operation of co-operatives
Part 3.1Management
Division 4Duties and liabilities of directors, officers and employees
197 Interaction of preceding sections with other laws (cf Corporations Act s 185)
Sections 192–196:
(a)
have effect in addition to, and not in derogation of, any rule of law relating to the duty or liability of a person because of their office or employment in relation to a co-operative; and
(b)
do not prevent the commencement of civil proceedings for a breach of a duty or in respect of a liability referred to in paragraph (a).
This section does not apply to section 192(2) and (3) to the extent to which they operate on the duties at common law and in equity that are equivalent to the requirements of section 192(1).
This Act’s bill:Explanatory statement
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