New South Wales Consolidated Acts
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CONVEYANCERS LICENSING ACT 2003 - SECT 98
Manager may be reimbursed
98 Manager may be reimbursed
(1) The Secretary may reimburse a manager for any damages and costs recovered
against the manager, or an employee or agent of the manager, for an act or
omission done or omitted in good faith and in the purported exercise of a
function under this Act.
(2) Reimbursement under this section is to be by way
of payment from the Operating Account.
(3) Neither the manager of a
licensee's conveyancing business nor the Secretary is liable for any loss
incurred by the licensee as a consequence of any act or omission of the
manager or the Secretary in the conduct of the business if the act or omission
was done or omitted in good faith and in the purported exercise of a function
under this Act.
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