s 714
In forceDuty of honesty, good faith and proper purpose
Chapter 12Industrial organisations and associated entities
Part 9Officers
Division 3Officers’ duties
714 Duty of honesty, good faith and proper purpose
The officer must act—
(a)
honestly; and
(b)
in good faith in the best interests of the organisation; and
(c)
for a proper purpose.
Maximum penalty—3,091 penalty units or 5 years imprisonment.
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