Commonwealth Consolidated Acts Commonwealth Consolidated ActsA person who is a director or other officer, or an employee, of an Aboriginal and Torres Strait Islander corporation that is a registered native title body corporate does not contravene subsection 265 - 1(1), 265 - 5(1), 265 - 10(1) or 265 - 15(1), and does not breach the person's equivalent duties at common law and in equity, merely because of doing (or refraining from doing) a particular act if the person does (or refrains from doing) the act:
(a) in good faith; and
(b) with the belief that doing (or refraining from doing) the act is necessary to ensure that the corporation complies with a Native Title legislation obligation.