Corporations Act 2001
CHAPTER 2D
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OFFICERS AND EMPLOYEES
PART 2D.2
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RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS
Division 1
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Indemnities and insurance for officers and auditors
SECTION 199C
CERTAIN INDEMNITIES, EXEMPTIONS, PAYMENTS AND AGREEMENTS NOT AUTHORISED AND CERTAIN DOCUMENTS VOID
199C(1)
[
Unlawful acts]
Sections 199A and 199B do not authorise anything that would otherwise be unlawful.
199C(2) [ Purported cover void]Anything that purports to indemnify or insure a person against a liability, or exempt them from a liability, is void to the extent that it contravenes section 199A or 199B .
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