Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_286
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 286
Character Range: 369692–370203

286  Good faith—civil obligations

 (1) An officer of an organisation or a branch must exercise his or her powers and discharge his or her duties:
 (a) in good faith in what he or she believes to be the best interests of the organisation; and
 (b) for a proper purpose.

Note: This subsection is a civil penalty provision (see section 305).

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

Note: This subsection is a civil penalty provision (see section 305).