AustLII Tasmanian Numbered Acts

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EDUCATION AND TRAINING (TASMANIAN ACADEMY) ACT 2008 (NO. 42 OF 2008) - SECT 12

Offences as director

(1)  A director must act honestly in the performance and exercise of the functions and powers of a director.
Penalty:  Fine not exceeding 50 penalty units.
(2)  In performing and exercising the functions and powers of a director, a director must exercise the same degree of care and diligence that a person in a similar position in a corporation, within the meaning of the Corporations Act, is required to exercise.
Penalty:  Fine not exceeding 50 penalty units.
(3)  A director or former director must not use improperly, whether within Tasmania or elsewhere, information acquired as a director –
(a) to gain, directly or indirectly, a personal advantage or an advantage for another person; or
(b) to cause damage to the Academy.
Penalty:  Fine not exceeding 100 penalty units or imprisonment for a term not exceeding 5 years, or both.
(4)  A director or former director must not use improperly, whether within Tasmania or elsewhere, his or her position as a director or the fact that he or she is or was a director –
(a) to gain, directly or indirectly, a personal advantage or an advantage for another person; or
(b) to cause damage to the Academy.
Penalty:  Fine not exceeding 100 penalty units or imprisonment for a term not exceeding 5 years, or both.



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