South Australian Consolidated Acts South Australian Consolidated Acts39A—Duties of officers etc
(1) An officer of an
incorporated association must not, in the exercise of his or her powers or the
discharge of the duties of his or her office, commit an act with intent to
deceive or defraud the association, members or creditors of the association or
creditors of any other person or for any fraudulent purpose.
Maximum penalty: $20 000 or imprisonment for four years.
(2) An officer or
employee of an incorporated association, or former officer or employee of an
incorporated association, must not make improper use of information acquired
by virtue of his or her position in the association so as to gain, directly or
indirectly, any pecuniary benefit or material advantage for himself or herself
or any other person, or so as to cause a detriment to the association.
Maximum penalty: $20 000 or imprisonment for four years.
(3) An officer or
employee of an incorporated association must not make improper use of his or
her position as such an officer or employee so as to gain, directly or
indirectly, any pecuniary benefit or material advantage for himself or herself
or any other person, or so as to cause a detriment to the association.
Maximum penalty: $20 000 or imprisonment for four years.
(4) An officer of a
prescribed association must at all times act with reasonable care and
diligence in the exercise of his or her powers and the discharge of the duties
of his or her office.
Maximum penalty: $1 250.
(5) A person who
contravenes a provision of this section is liable to the association for any
profit made by him or her and for any damage suffered by the association as a
result of that contravention.