New South Wales Consolidated Acts

GOVERNMENT INSURANCE OFFICE (PRIVATISATION) ACT 1991 - SECT 35

35 Ministerial control

(1) The board of directors of GIO is, in the exercise of its functions, subject to the control and direction of the Minister.

(2) Neither the enactment of this section nor the exercise of the Minister’s powers under this section constitutes the Minister as a director of GIO or a person who participates in the management of GIO.

(3) A director of GIO is not personally liable in any civil or criminal proceedings (including proceedings for a breach of any duty under the Corporations Law ) for anything done or omitted for the purpose only of complying with a direction of the Minister under this section.