Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 57

    (1)     Any of the parties to the pre-registration contract may release the person who entered into, or purported to enter into, the contract from any liability in relation to that contract.

    (2)     The release must be in writing.

    (3)     The party giving the release is not entitled to recover damages under section 56 from the person.

    (4)     Despite any rule of law or equity, the person does not have any right of indemnity against the cooperative in relation to the person's liability under this division.

    (5)     Subsection (4) applies even if the person was acting, or purporting to act, as trustee for the cooperative.