(1) A director or officer of a transaction entity is not personally liable for anything done or omitted to be done—
(a) in complying with a direction given by the Premier under this Act; or
(b) in the reasonable belief that the act or omission was in compliance with a direction given by the Premier under this Act.
(2) Any liability resulting from an act or omission that would, but for subsection (1), attach to a director or officer of a transaction entity attaches instead to the State.
Part 4—Arrangements for transfer of port assets
Division 1—Transfer orders