Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 182

Use of position—civil obligations

 
Use of position—directors, other officers and employees
 
(1)
A director, secretary, other officer or employee of a
corporation must not improperly use their position to: 
 
 
 
(a)
gain an advantage for themselves
or someone else; or

(b)
cause detriment to the corporation. 

 
 Note: This subsection is a
civil penalty provision (see section  1317E ). 


 
 
(2)
A person who is involved in a contravention
of subsection (1) contravenes this subsection. 
 
 
 Note 1: Section 79 defines involved.


Note 2: This subsection is a civil penalty provision (see section 1317E).