Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:5_27e
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 5 cl 27E
Character Range: 633098–634032

27E  Responsibility for actions of delegate

 (1) If the directors of a Commonwealth authority delegate a power under its enabling legislation, a director is responsible for the exercise of the power by the delegate as if the power had been exercised by the directors themselves.

 (2) A director is not responsible under subsection (1) if:
 (a) the director believed on reasonable grounds at all times that the delegate would exercise the power in conformity with the duties imposed on directors of the Commonwealth authority by this Act and the authority's enabling legislation; and
 (b) the director believed:
 (i) on reasonable grounds; and
 (ii) in good faith; and
 (iii) after making proper inquiry if the circumstances indicated the need for inquiry;
  that the delegate was reliable and competent in relation to the power delegated.

Subdivision B—Disclosure of, and voting on matters involving, material personal interests