Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person is not subject to any liability to any person in respect of anything done, or omitted to be done, in good faith and without negligence in the exercise or performance, or the purported exercise or performance, of powers, functions or duties under this Act.
(2) Subsection (1) does not apply to a person referred to in section 58 of the Australian Prudential Regulation Authority Act 1998 and, to avoid doubt, does not affect the operation of that section.
Note: Section 58 of the Australian Prudential Regulation Authority Act 1998 deals with protection from liability for APRA, APRA members, APRA staff members and their agents.