Power to grant relief (cf Corporations Act s 1318)
566 Power to grant relief (cf Corporations Act s 1318)
(1) If, in any civil proceeding against a person to whom this section applies for negligence, default, breach of trust or breach of duty in a capacity as such a person, it appears to the Supreme Court:
(a) that the person is or may be liable in respect of the negligence, default or breach but that the person has acted honestly; and
(b) that, having regard to all the circumstances of the case, including those connected with the person's appointment, the person ought fairly to be excused for the negligence, default or breach;
the Supreme Court may relieve the person either wholly or partly from liability on such terms as the court thinks fit.
(2) Where a person to whom this section applies has reason to apprehend that any claim will or might be made against the person in respect of any negligence, default, breach of trust or breach of duty in a capacity as such a person:
the person may apply to the Supreme Court for relief; and
(b) the Supreme Court has the same power to relieve the person as it would have had under subsection (1) if it had been a court before which proceedings against the person for negligence, default, breach of trust or breach of duty had been brought.
(3) Where a case to which subsection (1) applies is being tried by a judge with a jury, the judge after hearing the evidence may:
(a) if he or she is satisfied that the defendant ought pursuant to that subsection to be relieved either wholly or partly from the liability sought to be enforced against the person, withdraw the case in whole or in part from the jury; and
(b) forthwith direct judgment to be entered for the defendant on such terms as to costs or otherwise as the judge thinks proper.
This section applies to a person who is:
an officer or employee of a co-operative; or
(b) an auditor of a co-operative, whether or not the person is an officer or employee of the co-operative; or
an expert in relation to a matter:
relating to a co-operative; and
(ii) in relation to which the civil proceeding has been taken or the claim will or might arise; or
(d) a receiver, receiver and manager, liquidator or other person appointed or directed by the Supreme Court to carry out any duty under this Law in relation to a co-operative.
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.