New South Wales Consolidated Acts

AUSTRALIAN MUTUAL PROVIDENT SOCIETY (DEMUTUALISATION AND RECONSTRUCTION) ACT 1997 - SECT 18

18 Determinations, opinions and powers of directors

In this Part:

(a) a reference to a determination or opinion of the directors is a reference to a determination or opinion, as the case may be, made or formed in accordance with the articles of association of NHL, and

(b) the powers of the directors conferred by this Part may be exercised by them in their absolute discretion, and

(c) the directors are not obliged to provide to any person any reason or grounds for a determination or opinion.