WATER ACT 2000 - SECT 614
Water authority not to pay premiums for particular liabilities of officers
WATER ACT 2000 - SECT 614
Water authority not to pay premiums for particular liabilities of officers
614 Water authority not to pay premiums for particular liabilities of officers
(1) A water authority must not pay, or agree to pay, a premium for a contract
insuring a person who is or has been an officer of the authority against a
liability—
(a) incurred by the person as an officer of the authority; and
(b) arising out of a breach of conduct involving—
(i) a wilful breach of
duty in relation to the authority; or
(2) Subsection (1) does not apply to a liability for costs and
expenses incurred by a person in defending proceedings, whether civil or
criminal, and whatever the outcome of the proceedings.
(3) An instrument is
void to the extent it is inconsistent with subsection (1) .
(4) In this
section—
"pay" includes pay indirectly through 1 or more interposed entities.