Owners approve Committee indemnity
23 March 2026
Owners have approved a formal indemnity to protect Committee members from liability when acting in good faith.
This sits alongside existing liability insurance, ensuring members are not personally responsible for costs or claims arising from their governance role.
The indemnity supports attracting capable Committee members and will remain in place unless changed by a future vote of owners.
Body Corporates rely on owners being willing to serve on their Committees. To support this, the Freemans Park Body Corporate Committee has recommended that its owners adopt a formal indemnity that protects Committee members when they act in good faith.
Freemans Park already has specialist liability insurance that protects both the Body Corporate and individual Committee members against claims arising from their governance duties, including legal defence costs. The indemnity sits alongside this insurance and simply confirms that Committee members will not be personally left to meet costs or liabilities that arise from doing their job as Committee members.
As a result, the indemnity helps to maintain a strong pool of capable owners willing to serve and reflects normal governance practice. The indemnity can only be changed or removed by a future vote of owners at a general meeting.
After discussion at the Extraordinary General Meeting on 23 March 2026, the Body Corporate’s owners approved the indemnity for the chairperson and Committee members. The indemnity remains in force until amended or terminated by a future general meeting of Body Corporate owners.