5LLiability for actions taken under Part

#### 5L Liability for actions taken under Part 5L Liability for actions taken under Part > > (1) A matter or thing done or omitted to be done by the Treasurer, or any person acting under the direction of the Treasurer, does not, if the matter or thing was done or omitted to be done in good faith— > > > > > (a) in connection with obtaining or making a conversion election, or > > > > > (b) in connection with the provision of information in relation to this Part, or > > > > > (c) for the purpose of executing this Part, > > > > subject the Treasurer, a person so acting, FTC, STC, the FTC Board, the STC Board, a member of either of those Boards, or any person acting under the direction of FTC, STC or either of those Boards, to any action, liability, claim or demand. > > > (2) Without limiting subsection (1), the Treasurer, FTC, STC, the FTC Board, the STC Board, a member of either of those Boards, or any person acting under the direction of the Treasurer, FTC, STC or either of those Boards, is not liable for any action, liability, claim or demand relating to the duties of FTC or STC as a trustee in respect of anything done or omitted to be done by the Treasurer, or any person acting under the direction of the Treasurer, as referred to in that subsection. > > > (3) A matter or thing done or omitted to be done by STC, the STC Board, a member of the Board or any person acting under the direction of STC or the Board, does not, if the matter or thing was done or omitted in good faith— > > > > > (a) in connection with obtaining or making a conversion election, or > > > > > (b) in connection with the provision of information in relation to this Part, or > > > > > (c) for the purpose of executing this Part, > > > > subject STC, a member of the Board or a person so acting, to any action, liability, claim or demand. > > > (4) A matter or thing done or omitted to be done by FTC, the FTC Board, a member of the Board or any person acting under the direction of FTC or the Board, does not, if the matter or thing was done or omitted in good faith— > > > > > (a) in connection with obtaining or making a conversion election, or > > > > > (b) in connection with the provision of information in relation to this Part, or > > > > > (c) for the purpose of executing this Part, > > > > subject FTC, a member of the Board or a person so acting, to any action, liability, claim or demand. > > > (5) This section has effect despite the [Superannuation Administration Act 1996](/view/html/inforce/current/act-1996-039) or any other law. > > **s 5L:** Ins 1999 No 6, Sch 1.3 \[3\].