Use of position—civil obligations

In force

Use 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).

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