(1)

Anything done, or omitted to be done, in good faith by:

(a) a trustee in the performance of his or her functions under the Trust Deed; or
(b) the Commissioner for Superannuation in the performance of his or her duties under this Act; or
(c) a member of the staff assisting the Commissioner for Superannuation in the performance of those duties; or
(d) a delegate of the Board in the performance of his or her functions under this Act, the regulations or the Trust Deed; or
(e) a person who is a member of a Reconsideration Advisory Committee established under the Trust Deed in the performance of his or her functions under the Trust Deed;

does not subject him or her personally to any action, liability, claim or demand.

(2)

Subsection (1) does not prevent the Board from being subject to an action, liability, claim or demand.

(3)

Except in cases where the Superannuation Industry (Supervision) Act 1993 or regulations under that Act do not so permit, any money becoming payable by the Board in respect of an action, liability, claim or demand in relation to this Act, the regulations or the Trust Deed is to be paid out of the PSSAP Fund.

(4)

If an amount is paid out of the PSSAP Fund under subsection (3), an equivalent amount is to be paid to the PSSAP Fund out of the Consolidated Revenue Fund, which is appropriated accordingly.

(5)

This section has effect subject to such modifications (if any) as are prescribed by the regulations.

(6)

The regulations may provide that this section ceases to have effect at a specified time.