Under the Corporations Act 2001 (Cth), a director is subject to many duties and obligations. If a director breaches one of their duties, this can result in serious legal penalties such as fines and bans. This Deed contains terms of how a company will indemnify a company director. Further, it can also cover the costs incurred by a director or officer while performing their role. You MUST seek advice from a qualified professional before using this deed to check that it meets your specific circumstances.

Use this Deed of indemnity if:

• You are a director of a company and want to protect yourself from liability in case challenges arise. 

• The company wants to explicitly outline their duties and obligations when liabilities arise. 

• The company wants to proactively incentivise and ensure director’s are not personally liable for breach of duties. 

What does this Deed of indemnity Cover?

• Indemnity clause

• Amounts owing to the Director

• Insurance

• Rights, powers and remedies

Further Information

• What is a Deed of Indemnity?

• Personal Liabilities Of Company Directors: Everything You Need to Know

• What Is a Deed of Indemnity and Insurance?

• A Guide to Directors Duties in Australia: The 6 Duties You Need to Know