Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:5_23
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 5 cl 23
Character Range: 624756–625444

23  Good faith—civil obligations

Good faith—officers

 (1) An officer of a Commonwealth authority must exercise his or her powers and discharge his or her duties:
 (a) in good faith in the best interests of the Commonwealth authority; and
 (b) for a proper purpose.

Note 1: This subsection is a civil penalty provision (see Schedule 2).

Note 2: Section 187 of the Corporations Law deals with the position of directors of wholly‑owned subsidiaries of Commonwealth authorities.

 (2) A person who is involved in a contravention of subsection (1) contravenes this subsection.

Note 1: Section 5 defines involved.

Note 2: This subsection is a civil penalty provision (see Schedule 2).