Western Australian Current Acts Western Australian Current Acts (1) The Treasurer may,
in the name and on behalf of the State, give an indemnity or guarantee in
respect of a matter related to —
(a) a
section 6 disposal; or
(b) the
assignment of anything in connection with a section 6 disposal.
(2) The Treasurer may,
in the name and on behalf of the State, give to any person who is or has been
—
(a) a
director or officer of the corporation or of a subsidiary; or
(b) a
director or officer of the corporate vehicle or of a subsidiary of it within
the meaning of the Corporations Law; or
(c) a
member or alternate member of a committee referred to in section 7(3),
an indemnity against
any liability determined by the Treasurer whether or not the liability relates
to a matter referred to in subsection (1).
(3) In subsection (2)
—
liability includes civil liability under the
Corporations Law.
(4) The payment of any
money under an indemnity or guarantee given under this section is to be made
by the Treasurer and charged to the Consolidated Account, which this section
appropriates to the necessary extent.
[Section 31 amended: No. 77 of 2006 s. 4.]