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Australian Mutual Provident Society (Demutualisation and Reconstruction) Act 1997
18Determinations, opinions and powers of directors
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#### 18 Determinations, opinions and powers of directors
18 Determinations, opinions and powers of directors
> In this Part—
>
> > (a) a reference to a determination or opinion of the directors is a reference to a determination or opinion, as the case may be, made or formed in accordance with the articles of association of NHL, and
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> > (b) the powers of the directors conferred by this Part may be exercised by them in their absolute discretion, and
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> > (c) the directors are not obliged to provide to any person any reason or grounds for a determination or opinion.