Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:1_849cd:p2
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 1 cl 849CD (pt 2/2)
Character Range: 155493–156185

lie against a director of a body corporate in relation to anything done, or omitted to be done, in good faith by the director, to the extent that the director is acting with the written approval of the statutory manager of the body corporate or the Reserve Bank under subsection 834A(3).
 (5) An action, suit or proceeding (whether criminal or civil) for a contravention of:
 (a) a duty owed under Part 2D.1; or
 (b) a duty at common law or in equity that is equivalent to a duty owed under that Part;
does not lie against a director of a body corporate in relation to anything done, or omitted to be done, in good faith by the director while the body corporate is under statutory management.