Insurance Advisory Alert - Blake Dawson Waldron Lawyers
In this alert:
- Indemnification of directors and officers
- Amendments to the Trade Practices Act 1974
- The Trade Practices Act now imposes restrictions on a company to indemnify its officers against a liability to pay a pecuniary penalty for a contravention of the restrictive trade practices provisions. Companies need to review existing indemnities to ensure that they do not breach the Trade Practices Act, as well as all Directors & Officers insurance policies to ensure coverage is appropriate.
To view the full official Insurance Advisory news article from Blake Dawson Waldron please click here.
