INDEMNITY

a) Subject to the provisions of any relevant statute, members of the Management Committee of TIDC , and other office bearers, shall be indemnified by the Association for all acts done by them in good faith on its behalf.

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b) Subject to the provisions of any relevant statute, no member of the TIDC Management Committee, and or other office bearer of the Association, shall be liable for the acts, receipts, neglects or defaults of any other member or office bearer, or for any loss, damage or expense suffered by the Association, which occurs in the execution of the duties of his or her office, unless it arises as a result of his or her dishonesty, or failure to exercise a common practice degree of care & diligence.