45Indemnification of acceptable person

45 Indemnification of acceptable person (1) This section applies if: (a) a person (person A) and another person (person B) enter into an agreement; and (b) the agreement is that person A will indemnify person B against any forfeiture that person B may incur as a result of entering into an agreement under section 27 as an acceptable person. (2) If subsection (1) applies, person A and person B each commit an Maximum penalty: 300 penalty units or imprisonment for 3 years. (3) This section also applies if: (a) a person (person C) engages in conduct; and (b) the conduct results in the indemnification of another person (person D) against any forfeiture that person D incurs as a result of entering into an agreement under section 27 as an acceptable person. (4) If subsection (3) applies, person C and person D each commit an Maximum penalty: 300 penalty units or imprisonment for 3 years. (5) Strict liability applies: (a) to subsection (1)(b) in relation to person B; or (b) to subsection (3)(b) in relation to person D.

Bail Act 1982 47 indemnify includes compensate in a way that is not monetary.