Protection from liability
60 Protection from liability
This section applies in relation to a person who, at any time before the trustee changeover, was an official.
The person is entitled to be indemnified from the scheme fund for a liability incurred by the person for an act done, or omission made, while acting as an official.
The liability to which subsection (2) applies—
includes an amount of legal costs decided by the trustee to be reasonable; but
does not include a liability—
of a kind to which former section 8 did not apply; or
that the person cannot be indemnified for, from the scheme fund, under the Superannuation Industry (Supervision) Act 1993 (Cwlth).
The costs incurred by QSuper Board or the new trustee for effecting insurance for liability to which subsection (2) applies may be paid out of the scheme fund.
In this section—
former section 8 means section 8 of this Act as in force immediately before the commencement.
official means official within the meaning of former section 8.
QSuper Board includes QSuper Board after it becomes QSuper Board Pty Ltd.
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