Corporations Act 2001
(a) indemnify a person who is or has been a member of the scheme's compliance committee against a liability incurred by the person as a member; or
(b) exempt the person from such a liability. 601JF(2) [ Certain provisions void]
A provision of the scheme's constitution or a body corporate's constitution is void in so far as it provides for the responsible entity or a related body corporate to do something that subsection (1) prohibits.601JF(3) [ Liability to another]
Subsection (1) does not prevent a person from being indemnified against a liability to another person (other than the responsible entity or a related body corporate) unless the liability arises out of conduct involving a lack of good faith.601JF(4) [ Costs and expenses]
(a) in defending proceedings, whether civil or criminal, in which judgment is given in favour of them or in which they are acquitted; or
(b) in connection with an application, in relation to such proceedings, in which the Court grants relief to them under this Act. 601JF(5) [ ``indemnify'']
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