Commonwealth Consolidated Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 - SECT 23

Good faith--officers

             (1)  An officer of a Commonwealth authority must exercise his or her powers and discharge his or her duties:

                     (a)  in good faith in the best interests of the Commonwealth authority; and

                     (b)  for a proper purpose.

Note 1:       This subsection is a civil penalty provision (see Schedule 2).

Note 2:       Section 187 of the Corporations Act 2001 deals with the position of directors of wholly‑owned subsidiaries of Commonwealth authorities.

Note 3:       Section 27A makes provision for persons who are also APS employees or Agency Heads.

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

Note 1:       Section 5 defines involved .

Note 2:       This subsection is a civil penalty provision (see Schedule 2).

Note 3:       Section 27A makes provision for persons who are also APS employees or Agency Heads.