(1) A person who is a
member, or subject to section 18(8) an officer, of the Corporation shall
not be personally liable for any act done or omitted to be done in good faith
by that person or by the Corporation in the performance, or purported
performance, of any function under this Act.
Subsection (1) does not relieve the Corporation of any liability that,
but for subsection (1), it might have for the acts or omissions of a
member or of an officer of the Corporation.
Subsection (1) has effect subject to the Statutory Corporations
(Liability of Directors) Act 1996.
[Section 16 inserted by No. 11 of 1995
s. 17; amended by No. 41 of 1996 s. 3.]