194
CurrentUse of position – civil obligations (cf Corporations Act s 182)
Chapter 3Management and operation of co-operatives
Part 3.1Management
Division 4Duties and liabilities of directors, officers and employees
194 Use of position – civil obligations (cf Corporations Act s 182)
(1)
Use of position – directors, other officers and employees
A director, secretary, other officer or employee of a co-operative must not improperly use their position to:
(a)
gain an advantage for themselves or someone else; or
(b)
cause detriment to the co-operative.
Note
This subsection is a civil penalty provision (see section 554).
(2) A person who is involved in a contravention of subsection (1) contravenes this subsection.
Note 1
This subsection is a civil penalty provision (see section 554).
Note 2
Section 9 defines involved in a contravention.
This Act’s bill:Explanatory statement
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