QLDIn ForceAct
Financial Intermediaries Act 1996
sec.66Powers
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sec.66 Powers
Without limiting section 75 , but subject to this Act and the society’s rules, a society has the powers mentioned in this division. The fact that the doing of an act by a society would not be, or is not, in its best interests does not affect its power or legal capacity to do the act. (sec.66-ssec.1) Without limiting section 75 , but subject to this Act and the society’s rules, a society has the powers mentioned in this division. (sec.66-ssec.2) The fact that the doing of an act by a society would not be, or is not, in its best interests does not affect its power or legal capacity to do the act.