130. Protection against suit and legal proceedings

(1)

No action, suit, prosecution or other proceeding shall be brought, instituted, or maintained in any court or before any other authority against—

(a)

the Minister;

(b)

the Commission, the Executive Chairman, the Deputy

Executive Chairman, other members of the Board and any officer or employee who is or has been employed by the Commission;

(c)

a Regulatory and Supervisory Authority and any director, officer or employee who is or has been employed by the Regulatory and Supervisory Authority;

(d)

the Advisory Committee and any person who is or has been a member of the Advisory Committee;

(e)

any committee established by the Commission or a Regulatory and Supervisory Authority;

(f)

any person who is or has been a member of any committee established by the Commission or a Regulatory and

Supervisory Authority; and

Consumer Credit 123

(g)

any person who is or has been engaged or appointed by the Commission or a Regulatory and Supervisory

Authority to render to it such service or assistance as may be required or specified in connection with the performance of the functions of the Commission or

Regulatory and Supervisory Authority, on account of or in respect of any act, neglect or default done or omitted by him in the course of performing his functions, exercising his powers and carrying out his duties under this Act unless it can be proven that the act, neglect or default was done or omitted in bad faith and without reasonable cause.

(2)

For the purposes of this section, “Minister” means the Minister charged with the responsibility of finance, the Minister charged with the responsibility for domestic trade and cost of living, the Minister charged with the responsibility for co-operative development and the Minister charged with the responsibility for housing and local government.

Report

Read on from s 131

130. Protection against suit and legal proceedings

Terms defined in s 4

Schedules