(1) An action, suit or proceeding (whether criminal or civil) does not lie against a person in relation to anything done, or omitted to be done, in good faith by the person if:
(a) the person does the thing, or omits to do the thing, for the purpose of any of the following:
(i) complying with a direction under this Act given by the Regulator to an accountable entity;
(ii) complying with subsection 68(1), 92(2) or 94(5) in relation to a direction under this Act given by the Regulator to an accountable entity; and
(b) it is reasonable for the person to do the thing, or to omit to do the thing, in order to achieve that purpose; and
(c) the person is any of the following:
(i) an officer or senior manager of the accountable entity, or of a member of the accountable entity's relevant group;
(ii) an employee or agent of the accountable entity, or of a member of the accountable entity's relevant group;
(iii) the accountable entity or a member of the accountable entity's relevant group.
Note: For the definition of relevant group , see section 8.
(2) For the purposes of paragraph (1)(b), treat it as reasonable for a person to do a thing, or to omit to do a thing, in order to achieve a purpose unless no reasonable person in that person's position would do the thing, or omit to do the thing, in order to achieve that purpose.
(3) In this section:
"employee " of an accountable entity, or of a member of an accountable entity's relevant group, includes a person engaged to provide advice or services to the accountable entity or member.