Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A person who was
or is an officer or employee of —
(a) Gold
Bank or Gold Corporation;
(b) a
subsidiary or associate of Gold Bank or Gold Corporation;
(c) The
Director of The Perth Mint or the Royal Mint or an associate of either of such
bodies,
and makes
improper use of his or her position as such an officer or employee, or of
information acquired by virtue of that position, to gain, directly or
indirectly, an advantage for himself or herself or any other person or to
cause detriment to a body referred to in paragraph (a), (b) or (c)
commits a crime and is liable to a fine of $20 000 and imprisonment for
5 years.
Summary conviction penalty: imprisonment for
2 years or a fine of $10 000.
(2) A reference in
subsection (1) to an officer of Gold Bank or of Gold Corporation
includes —
(a) a
director; and
(b) any
person, holding or acting in an office under Gold Bank or Gold Corporation, by
whatever name called, who was or is concerned or takes part in the management
of Gold Bank or Gold Corporation or a subsidiary of Gold Bank or Gold
Corporation.
(3) In relation to a
body corporate other than Gold Bank or Gold Corporation or a subsidiary of
Gold Bank or Gold Corporation, officer means —
(a) an
officer within the meaning of the Corporations Act; and
(b) any
authorised person (not already covered by paragraph (a)) who enters into
possession or assumes control of property of the body corporate under the
Corporations Act for the purposes of enforcing a charge.
[Section 72 amended by No. 10 of 1990
s. 30; No. 20 of 2003 s. 27; No. 4 of 2004 s. 58.]