Civil penalties for executive officers of bodies corporate
494 Civil penalties for executive officers of bodies corporate
If:
a body corporate contravenes:
a civil penalty provision of Part 3 (requirements for approval); or
section 142 (condition of approval); or
section 390SA (declared commercial fishing activity); and
an executive officer of the body knew that, or was reckless or negligent as to whether, the contravention would occur; and
the officer was in a position to influence the conduct of the body in relation to the contravention; and
the officer failed to take all reasonable steps to prevent the contravention;
the officer contravenes this subsection.
Subsection (1) is a civil penalty provision. Under section 481, the Federal Court may order a person contravening subsection (1) to pay a pecuniary penalty not more than the pecuniary penalty the Court could order an individual to pay for contravening the civil penalty provision contravened by the body corporate.
This Act’s bill:Explanatory memorandumSecond reading speech
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