Statutory Corporations (Liability of Directors) Act 1996 (WA)

Western Australia Statutory Corporations (Liability of Directors) Act 1996 Western Australia Statutory Corporations (Liability of Directors) Act 1996 Contents Part 1 — Preliminary 1. Short title 1 2. Commencement 1 Part 2 — Statutory corporations generally Division 1 — Interpretation 4. Terms used 1 Division 2 — Duties of directors stated 5. Directors' fiduciary relationship with and duties to corporation 1 Division 3 — Ministerial directions 6. Unlawful directions 1 Part 3 — Duties of directors of certain corporations Division 1 — Interpretation 7. Terms used; attempted offences; application of Part 1 8. Amendment of Sch. 1 1 Division 2 — Duties stated 9. Duty to act honestly 1 10. Duty to exercise reasonable care and diligence 1 11. Duty not to make improper use of information 1 12. Duty not to make improper use of position 1 Division 3 — Compensation 13. Compensation may be ordered for breach of s. 9, 10, 11 or 12 1 14. Civil proceedings for breach of s. 9, 10, 11 or 12 1 15. Corporation's power to insure 1 Division 4 — Ministerial directions 16. Terms used 1 17. Governing body may question direction 1 18. Corporation may challenge direction 1 19. Protection of directors 1 Part 4 — Relief from liability 20. Relief from liability under s. 5, 13 and 14 1 21. Application for relief from liability under s. 5, 13 or 14 1 22. Case may be withdrawn from jury 1 Schedule 1 — Persons who are directors under Part 3 Notes Compilation table 1 Uncommenced provisions table 1 Other notes 1 Defined terms Western Australia Statutory Corporations (Liability of Directors) Act 1996 An Act to declare the duty that persons who control the affairs of a statutory corporation owe to the corporation, to provide for particular duties in the case of certain statutory corporations and for the recovery of compensation for breaches, to make provision in respect of Ministerial directions, and for connected purposes.