Section 636(2) and (3)—
omit, insert—
(2) An executive officer of a corporation commits an offence if—(a) the corporation commits an offence against a provision of this Law specified in column 3 of Schedule 4; and(b) the officer did not exercise reasonable diligence to ensure the corporation did not engage in the conduct constituting the offence.Penalty—Maximum penalty—the penalty for a contravention of the provision by an individual.
(3) In deciding whether the executive officer exercised reasonable diligence for subsection (2)(b), a court must have regard to—(a) whether the officer was in a position to influence the corporation’s conduct in relation to the offence; and(b) the action the officer took, or could reasonably have taken, to prevent the corporation’s conduct constituting the offence; and(c) any other relevant matter.