157Indemnity

157 Indemnity The powers of a Transport Corporation that is not V/Line Corporation do not include a power to exempt, whether directly or indirectly, a director of the Transport Corporation from, or to indemnify (whether by paying a premium in respect of a contract of insurance or otherwise) a director of the Transport Corporation against, any liability that by law would otherwise attach to the director in respect of a wilful breach of duty or breach of trust of which the director may be guilty in relation to the Transport Corporation. Pt 6 Div. 4 Subdiv. 6 (Heading) inserted by No. 34/2023 s. 89.