Document ID: chunk:federal_register_of_legislation:C2024C00224:section:203eb:p2
Version: federal_register_of_legislation:C2024C00224
Segment Type: section
Provision Reference: s 203EB (pt 2/2)
Character Range: 648727–650862

386‑55(8) of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 for a court order if the grounds for making the order are found by the court to have been established; or
 (d) in connection with proceedings for relief to the person under section 386‑60 of that Act against an application under section 386‑20 of that Act, or for relief to the person under section 576‑1 of that Act, in which the Court denies the relief.
Paragraph (c) does not apply to costs incurred in responding to actions taken by the Registrar of Aboriginal and Torres Strait Islander Corporations as part of an investigation before commencing proceedings for the court order.
 (6) For the purposes of subsection (5), the outcome of proceedings is the outcome of the proceedings and any appeal in relation to the proceedings.

Insurance for certain liabilities of officers
 (7) Except as provided in subsection (8), a representative body may insure a person who is or has been an officer against liabilities incurred by the person as an officer.
 (8) A representative body, or a subsidiary of a representative body, must not pay, or agree to pay, a premium for a contract insuring a person who is, or has been, an officer of the body against a liability (other than one for legal costs) arising out of:
 (a) conduct involving a wilful breach of duty in relation to the body; or
 (b) a contravention of sections 265‑10 and 265‑15 respectively of the Corporations (Aboriginal and Torres Strait Islander) Act 2006.
This section applies to a premium whether it is paid directly or through an interposed entity.
Penalty: 5 penalty units.
 (9) An offence based on subsection (8) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.

Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
 (10) This section does not authorise anything that would otherwise be unlawful.
 (11) Anything that purports to indemnify or insure a person against a liability or exempt them from a liability is void to the extent that it contravenes this section.

Division 7—Miscellaneous