NTIn ForceAct
Associations Act 2003
82Liabilities arising from administration
Start here
Get a plain-English read of 82
Turn the raw legal text into a practical explanation grounded in Associations Act 2003.
82 Liabilities arising from administration
(1) If an incorporated association incurs a loss because of fraud,
dishonesty, negligence or wilful failure to comply with this Act or the
Regulations or the constitution of the association by a statutory
manager, the statutory manager is liable for the loss.
(2) A statutory manager is not liable for a loss that is not a loss to
which subsection (1) applies but must account for the loss in the
report under section 80(4).