Property, Stock and Business Agents Act 2002 No 66
131 Manager may be reimbursed for damages
(1) The Director-General may reimburse a manager for any damages and
costs recovered against the manager, or an employee or agent of the manager,
for anything done or omitted to be done in good faith in the purported
exercise of a function under this Act.
(2) Reimbursement under this section is to be by way of payment from
the Operating Account.
(3) Neither the manager of a licensee’s business nor the
Director-General is liable for any loss incurred by the licensee as a
consequence of any act or omission of the manager or the Director-General in
the conduct of the business if the act or omission was done or omitted in good
faith and in the purported exercise of a function under this