Takeovers Act 1993

Investigation and enforcement - Investigation and enforcement by Panel - Panel's powers of inspection

31EB: Protections from liability for persons exercising powers of inspection

You could also call this:

"Protection from blame when doing your job"

Illustration for Takeovers Act 1993

You are protected from being liable when you do your job under sections like section 31A, section 31C, or section 31E. You will not be liable for anything you do or do not do when performing your job unless you act in bad faith. This means you must have done something on purpose to hurt someone or something to be liable.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326114.

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Part 3Investigation and enforcement
Investigation and enforcement by Panel: Panel's powers of inspection

31EBProtections from liability for persons exercising powers of inspection

  1. Without limiting any other statutory protection from liability, no person is liable for any act done or omitted to be done by the person in the performance or intended performance of the person's powers under section 31A, section 31C, or section 31E unless the person acts in bad faith.

Notes
  • Section 31EB: inserted, on , by section 26 of the Takeovers Amendment Act 2002 (2002 No 45).