Editing Constitution of Urabba Parks/Section 87

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= Insurance =
<span id="s1"></span>(1)  Urabba&nbsp;Parks may obtain insurance in respect of an indemnified person incurred in relation to the powers, functions and duties that attach to the person as provided in that table other than a liability, other than one for legal costs, arising out of:

:<span id="par1a"></span>(a)  conduct involving wilful breach of duty in relation to:

::<span id="par1a-i"></span>(i)  Urabba&nbsp;Parks;

::<span id="par1a-ii"></span>(ii)  an entity having foundation in Urabba&nbsp;Parks; or

::<span id="par1a-iii"></span>(iii)  a related body corporate of Urabba&nbsp;Parks or an entity having foundation in Urabba&nbsp;Parks;

:<span id="par1b"></span>(b)  a contravention of sections&nbsp;182 or&nbsp;183 of the ''Corporations Act 2001'' of the Parliament of the Commonwealth.

== <span id="s2"></span>Relationship between indemnity and insurance ==
(2)  A person who is entitled to an indemnity under an insurance policy is not entitled to indemnity from Urabba&nbsp;Parks, to the extent that the policy indemnifies the person.
= <span id="EM"></span>Relevant note from the Explanatory Memorandum =
223. Subsection&nbsp;(1) provides that Urabba&nbsp;Parks may obtain insurance in respect of an indemnified person, except for cases involving wilful breach of duty in relation to an entity having foundation in Urabba&nbsp;Parks or a related body corporate, or a contravention of sections&nbsp;182 or&nbsp;183 of the ''Corporations Act 2001''.  Subsection&nbsp;(2) also provides that indemnity from Urabba&nbsp;Parks is limited in the case of an indemnity being available under the insurance policy.  The intention of this section is to clarify the powers of Urabba&nbsp;Parks in relation to the acquisition of insurance to cover any risks arising from the acts of an indemnified person.



[[Category:Urabbaparcensian constitutional law| ]]