Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 57

    A Board member must exercise his or her powers and discharge his or her duties:

  (a)   in good faith in the best interests of performing the functions of the Board; and

  (b)   for a proper purpose.

Note:   This is a civil penalty provision which is enforced under the Regulatory Powers (Standard Provisions) Act 2014 (see Subdivision C of this Division).

Civil penalty:   2,000 penalty units.