Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) Any of the parties to the pre-registration contract may release the person who entered into, or purported to enter into, the contract from any liability in relation to that contract.
(2) The release must be in writing.
(3) The party giving the release is not entitled to recover damages under section 54 from the person.
(4) Despite any rule of law or equity, the person does not have any right of indemnity against the cooperative in respect of the person's liability under this Division even if the person was acting, or purporting to act, as trustee for the cooperative.