Australian Capital Territory Numbered Acts

FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) ACT 1992 (NO. 29 OF 1992) - SECT 17

17. (1) The Registrar incurs no personal liability for an honest act or omission occurring in the performance or purported performance of the functions of the office of Registrar under the financial institutions legislation.

(2) Subsection (1) does not apply in relation to an act or omission resulting from—

        (a)     wilful misconduct by the Registrar;

        (b)     wilful neglect by the Registrar; or

        (c)     wilful failure by the Registrar to comply with the financial institutions legislation.

(3) A liability that would (but for this section) personally attach to the Registrar attaches to the office of Registrar.