QLDIn ForceAct
Civil Liability Act 2003
sec.33LAssets available to satisfy liability of current office holder
Start here
Get a plain-English read of sec.33L
Turn the raw legal text into a practical explanation grounded in Civil Liability Act 2003.
### sec.33L Assets available to satisfy liability of current office holder
This section applies if, under section 33G (3) , a current office holder has a liability under a judgment in, or settlement of, an abuse claim.
The current office holder is not personally liable but may satisfy the liability out of the assets of the institution and the assets of an associated trust of the institution.
s 33L ins 2019 No. 34 s 4
(sec.33L-ssec.1) This section applies if, under section 33G (3) , a current office holder has a liability under a judgment in, or settlement of, an abuse claim.
(sec.33L-ssec.2) The current office holder is not personally liable but may satisfy the liability out of the assets of the institution and the assets of an associated trust of the institution.