Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A body corporate (the first body ), or a body corporate related to the first body, must not indemnify a person (whether by agreement or by making a payment and whether directly or through an interposed entity) against any of the following liabilities incurred as an officer of the first body:
(a) a civil liability;
(b) legal costs incurred in defending or resisting proceedings in which the person is found to have such a liability.
(2) For the purposes of subsection (1), the outcome of proceedings is the outcome of the proceedings and any appeal in relation to the proceedings.
(3) In this section:
"civil liability" means a liability to pay a pecuniary penalty under section 76 for a contravention of a provision of Part IV or Part V.
"officer" has the same meaning as in the Corporations Act 2001 .