Corporations Act 2001
CHAPTER 2D
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OFFICERS AND EMPLOYEES
PART 2D.1
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DUTIES AND POWERS
Division 1
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General duties
SECTION 182
USE OF POSITION
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CIVIL OBLIGATIONS
182(1)
Use of position
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directors, other officers and employees.
(a) gain an advantage for themselves or someone else; or
(b) cause detriment to the corporation.
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).
182(2) [ Person involved in contravention]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).
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