sec.83Ministers not directors etc.

### sec.83 Ministers not directors etc. A GOC’s shareholding Ministers are not to be treated as directors of the GOC or any subsidiary or proposed subsidiary of the GOC. A Minister does not incur civil liability for an act or omission done or omitted to be done honestly and without negligence under, or for the purposes of, this Act in relation to a GOC or a subsidiary or proposed subsidiary of a GOC. A liability that would, apart from subsection (2) , attach to the Minister attaches instead to the State. This section has effect despite the Corporations Act . s 83 amd 2001 No. 45 s 29 sch 3 ; 2007 No. 10 s 32 (sec.83-ssec.1) A GOC’s shareholding Ministers are not to be treated as directors of the GOC or any subsidiary or proposed subsidiary of the GOC. (sec.83-ssec.2) A Minister does not incur civil liability for an act or omission done or omitted to be done honestly and without negligence under, or for the purposes of, this Act in relation to a GOC or a subsidiary or proposed subsidiary of a GOC. (sec.83-ssec.3) A liability that would, apart from subsection (2) , attach to the Minister attaches instead to the State. (sec.83-ssec.4) This section has effect despite the Corporations Act .