Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.2 - RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS  

Division 1 - 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 .