Victorian Current Acts

WORKPLACE INJURY REHABILITATION AND COMPENSATION ACT 2013 - SECT 534

The powers of ACCS do not include a power—

        (a)     to exempt (whether directly or indirectly) a director from, or to indemnify (whether by paying a premium in respect of a contract of insurance or otherwise) a director against, any liability that by law would otherwise attach to the director in respect of a wilful breach of duty or breach of trust of which the director may be guilty in relation to ACCS; or

        (b)         to borrow or invest money; or

        (c)     to give guarantees; or

        (d)     to make loans to directors.

S. 535 substituted by No. 73/2016 s. 15.