12Duties of directors, officers etc

12 Duties of directors, officers etc

12 Duties of directors, officers etc

(1) The directors of the Board have the same general duties as the directors of a company have by law.

(2) Without limiting subsection (1), the following provisions of the Companies (New South Wales) Code apply to and in respect of the Trust as if the Trust were a company—

section 229 (Duty and liability of officers)

section 230 (Loans to directors)

section 233 (Benefits for loss of, or retirement from, office)

section 237 (Provisions indemnifying officers or auditors)

Division 2 of Part 14 (Offences)