Victorian Numbered Acts Victorian Numbered Acts(1) A director of the board is not personally liable for anything done or omitted to be done in good faith—
(a) in the exercise of a power or the discharge of a duty under this Act; or
(b) in the reasonable belief that the act or omission was in the exercise of a power or the discharge of a duty under this Act.
(2) Any liability resulting from an act or omission that would but for subsection (1) attach to a director of the board attaches instead to the Institute.