Western Australian Numbered Acts Western Australian Numbered Acts (1) Subject to the
Statutory Corporations (Liability of Directors) Act 1996 , an action
does not lie against a person, other than the Board, for anything done by the
person in good faith in the performance, or purported performance, of a
function under this Act.
(2) The protection
given by this section applies even if the person would have been capable of
doing the act if this Act had not been enacted.
(3) Subsection (1)
does not relieve the Board or the Crown of any liability that they might have
for anything done by a person against whom that subsection provides that an
action does not lie.
(4) In an action
against the Crown or the Board for loss or damage suffered by a person as a
result of the making of an investment by the Board, it is a defence for the
defendant to prove that the investment was made in accordance with the
investment strategy formulated under section 19(1).