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Co-operatives (Adoption of National Law) Act 2012
200Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
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200 Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
200 Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
(cf Corporations Act s 199C)
(1) Sections 198 and 199 do not authorise anything that would otherwise be unlawful.
(2) Anything that purports to indemnify or insure a person against a liability, or exempt them from a liability, is void to the extent that it contravenes section 198 or 199.