Queensland Consolidated Acts

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FINANCIAL INTERMEDIARIES ACT 1996 - SECT 4

4 Meaning of director

(1) For this Act, director of a society includes a reference to—

(a) a person (however described) occupying or acting in the position of director of the society, and whether or not validly appointed to occupy, or duly authorised to act in, the position; and
(b) a person under whose directions or instructions the society's directors are accustomed to act.

(2) However, a person is not taken to be a person under whose directions or instructions a society's directors are accustomed to act merely because the directors act on advice given by the person in the proper performance of the functions attaching to—

(a) the person's professional capacity; or
(b) the person's business relationship with the directors or the society.


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