CORPORATIONS ACT 2001 - SECT 182 Use of position--civil obligations
CORPORATIONS ACT 2001 - SECT 182
Use of position--civil obligationsUse of position--directors, other officers and employees
(1) 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).
(2) 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).