Page 37 - RCPA

During or since the end of the nancial year the College has given an indemnity or entered an agreement to indemnify, or paid or agreed to pay insurance premiums as follows:
The Insurer agrees to pay on behalf of each Insured Person(s) all Loss for which each Insured Person(s) may not be indemni ed by the College and which such Insured Person(s) becomes legally obligated to pay on account of any
Claim rst made against him/her individually or otherwise and noti ed to the Insurer during the Period of Insurance for a Wrongful Act after the Retroactive Date. For these purposes the Insurer will not be liable to pay where to do so would be prohibitive by law.
Director, Councillor and Of cer mean any past, present or future Director, Secretary, Executive Of cer or employee of the College.
The company has paid premiums to insure each of the Councillors/Directors against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out
of their conduct while acting in the capacity of Councillor/Director of the College, other than conduct involving a wilful breach of duty in relation to the College. The amount of the premium was $10,350 covering all Councillors/ Directors and Of cers within Australia and Members of the New Zealand Committee.
Options
The College is not in the practice of issuing share options as it is a Not for Pro t organisation.
INDEMNIFYING OFFICERS OR AUDITOR
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