Victorian Consolidated Legislation

World Swimming Championships Act 2004 - SECT 21

Indemnity

21. Indemnity



(1) The powers of the Corporation do not include a power to exempt, whether
directly or indirectly, a member of the Board from, or to indemnify a member
of the Board against, any liability that by law would otherwise attach to the
member in respect of a wilful breach of duty or a wilful breach of trust of
which the member may be guilty in relation to the Corporation.

(2) The powers of the Corporation do not include a power to pay, or agree to
pay, a premium in respect of a contract of insurance insuring a member of the
Board against any liability (other than one for legal costs) that by law would
otherwise attach to the member in respect of a wilful breach of duty or a
wilful breach of trust of which the member may be guilty in relation to the
Corporation.