289Immunity

289 Immunity (1) A member of the Board of the National Authority, a committee of the Board or a Ratings Review Panel is not personally liable for anything done or omitted to be done in good faith— (a) in the exercise of a power or the performance of a function under this Law; or (b) in the reasonable belief that the action or omission was in the exercise of the power or the performance of the function under this Law. (2) Any liability resulting from an act or omission that would, but for subsection (1), attach to an individual referred to in that subsection attaches instead to the National Authority. (3) The Regulatory Authority (if an individual) or a member of the governing body of the Regulatory Authority is not personally liable for anything done or omitted to be done in good faith— (a) in the exercise of a power or the performance of a function under this Law; or (b) in the reasonable belief that the action or omission was in the exercise of the power or the performance of the function under this Law. (4) Any liability resulting from an act or omission that would, but for subsection (3), attach to an individual referred to in that subsection attaches instead to the State.