Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 224

    (1)     An officer or employee, or former officer or employee, of a cooperative, or a member of a committee mentioned in section 218, must not make improper use of information acquired because of his or her position as such an officer or employee or member to gain, directly or indirectly, an advantage for himself or herself or for anyone else or to cause detriment to the cooperative.

Maximum penalty:

        (a)     if the contravention was committed with intent to deceive or defraud the cooperative, members or creditors of the cooperative or creditors of anyone else or for any other fraudulent purpose—200 penalty units, imprisonment for 2 years or both; and

        (b)     in any other case—50 penalty units.

    (2)     An officer or employee of a cooperative, or a member of a committee mentioned in section 218, must not make improper use of his or her position as an officer or employee or member, to gain, directly or indirectly, an advantage for himself or herself or for anyone else or to cause detriment to the cooperative.

Maximum penalty:

        (a)     if the contravention was committed with intent to deceive or defraud the cooperative, members or creditors of the cooperative or creditors of anyone else or for any other fraudulent purpose—200 penalty units, imprisonment for 2 years or both; and

        (b)     in any other case—50 penalty units.