Document ID: chunk:federal_register_of_legislation:C2024C00345:section:286
Version: federal_register_of_legislation:C2024C00345
Segment Type: section
Provision Reference: s 286
Character Range: 435106–435644

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.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.
 (2) A person who is involved in a contravention of subsection (1) contravenes this subsection.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.