New South Wales Consolidated Acts New South Wales Consolidated Acts(cf Vic Act s 328)
(1) If a co-operative incurs any loss because of any fraud, dishonesty, negligence or wilful failure to comply with this Act or the regulations or the rules of the co-operative by an administrator, the administrator is liable for the loss.
(2) An administrator is not liable for any loss that is not a loss to which subsection (1) applies but must account for the loss in a report given under section 335.