Qualifications of directors
105 Qualifications of directors
A person is not eligible to be a director of a society if the person—
is a minor; or
is bankrupt, has applied to take the benefit of a law for the relief of bankrupt or insolvent debtors, compounded with his or her creditors or made an assignment of his or her remuneration for their benefit; or
is prohibited from being a director of a corporation by the Corporations Act for a reason other than the person’s age; or
has been convicted in the last 10 years—
of an indictable offence in relation to the promotion, formation or management of a corporation; or
of an offence involving fraud or dishonesty; or
of an offence prescribed under a regulation.
This provision refers to the regulations (a regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.