Economic Development Act 2012
sec.162MEDQ may bring proceedings
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sec.162 MEDQ may bring proceedings
If a board member or committee member contravenes section 161 , MEDQ may recover from the member as a debt due to MEDQ either or both of the following— if the member or any other person made a profit as a result of the contravention—an amount equal to the profit; if MEDQ has suffered loss or damage as a result of the contravention—an amount equal to the loss or damage. A proceeding mentioned in subsection (1) may be— brought in the name of MEDQ; and started in a court of competent jurisdiction. s 162 amd 2019 No. 11 s 231 s ch 1 pt 1 (sec.162-ssec.1) If a board member or committee member contravenes section 161 , MEDQ may recover from the member as a debt due to MEDQ either or both of the following— if the member or any other person made a profit as a result of the contravention—an amount equal to the profit; if MEDQ has suffered loss or damage as a result of the contravention—an amount equal to the loss or damage. (sec.162-ssec.2) A proceeding mentioned in subsection (1) may be— brought in the name of MEDQ; and started in a court of competent jurisdiction.
- (a) if the member or any other person made a profit as a result of the contravention—an amount equal to the profit;
- (b) if MEDQ has suffered loss or damage as a result of the contravention—an amount equal to the loss or damage.
- (a) brought in the name of MEDQ; and
- (b) started in a court of competent jurisdiction.