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CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)    View history reference

Note: See section 600K.

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 40 - Disciplinary and other action  

Subdivision G - Action initiated by industry body  

CLAUSE 40-105  NO LIABILITY FOR NOTICE GIVEN IN GOOD FAITH ETC.  

 View history reference

40-105(1)  

An industry body is not liable civilly, criminally or under any administrative process for giving a notice under subsection 40-100(1) if:


(a) the body acted in good faith in giving the notice; and


(b) the suspicion that is the subject of the notice is a reasonable suspicion.

40-105(2)  

A person who, in good faith, makes a decision as a result of which the industry body gives a notice under subsection 40-100(1) is not liable civilly, criminally or under any administrative process for making the decision.

40-105(3)  

A person who, in good faith, gives information or a document to an industry body that is included, or a copy of which is included, in a notice under subsection 40-100(1) is not liable civilly, criminally or under any administrative process for giving the information or document.

 



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