ASSOCIATIONS INCORPORATION ACT 2009 - SECT 59 Liabilities arising from administration
ASSOCIATIONS INCORPORATION ACT 2009 - SECT 59
Liabilities arising from administration59 Liabilities arising from administration
(cf Co-operatives Act 1992 , section 337)
(1) An administrator is liable for any loss incurred by the association because of any fraud, dishonesty, negligence or wilful failure by the administrator to comply with this Act, the regulations or the association's constitution.
(2) An administrator is not liable for any other loss, but must account for the loss in a report given under section 57.