example of case law to explain what is "Good Faith" in the Corporations Act 2001 (Cth) regarding of this topic :

"Whether the purpose of [a] director in exercising his [or her] powers and discharging his [or her] duties was improper depends on the purpose, which the person exercising the power, has. It is the person's purpose that has to be assessed. The assessment of whether that purpose was improper is objective."