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Marine and Safety Authority Act 1997
10Duties of director
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10 Duties of director
(1) A director must act honestly in the performance and the exercise of the functions and powers of a director.
Penalty: Fine not exceeding 50 penalty units.
(2) In performing and exercising the functions and powers of a director, a director must exercise the same degree of care and diligence that a person in a similar position in a corporation is required to exercise.
Penalty: Fine not exceeding 50 penalty units.