Western Australian Current Acts

STATUTORY CORPORATIONS (LIABILITY OF DIRECTORS) ACT 1996

TABLE OF PROVISIONS

           Long Title

   PART 1 -- Preliminary  

   1.      Short title
            
   2.      Commencement

   PART 2 -- Statutory corporations generally

           Division 1 -- Interpretation  

   4.      Terms used

           Division 2 -- Duties of directors stated  

   5.      Directors’ fiduciary relationship with and duties to corporation

           Division 3 -- Ministerial directions  

   6.      Unlawful directions

   PART 3 -- Duties of directors of certain corporations

           Division 1 -- Interpretation  

   7.      Terms used; attempted offences; application of Part
            
   8.      Amendment of Sch.

           Division 2 -- Duties stated  

   9.      Duty to act honestly
            
   10.     Duty to exercise reasonable care and diligence
            
   11.     Duty not to make improper use of information
            
   12.     Duty not to make improper use of position

           Division 3 -- Compensation  

   13.     Compensation may be ordered for breach of s. 9, 10, 11 or
            
           14. Civil proceedings for breach of s. 9, 10, 11 or
            
           15. Corporation’s power to insure

           Division 4 -- Ministerial directions  

   16.     Terms used
            
   17.     Governing body may question direction
            
   18.     Corporation may challenge direction
            
   19.     Protection of directors

   PART 4 -- Relief from liability  

   20.     Relief from liability under s. 5, 13 and 14
            
           21. Application for relief from liability under s. 5, 13 or 14
            
           22. Case may be withdrawn from jury
           SCHEDULE 1 -- Persons who are directors under Part 3