Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-4
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DUTIES AND POWERS OF DIRECTORS AND OTHER OFFICERS AND EMPLOYEES
Division 265
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General duties
SECTION 265-15
USE OF INFORMATION
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CIVIL OBLIGATIONS
Use of information - directors, other officers and employees
265-15(1)
A person who obtains information because he or she is, or has been, a director or other officer or employee of an Aboriginal and Torres Strait Islander corporation must not improperly use the information to: (a) gain an advantage for himself or herself or someone else; or (b) cause detriment to the corporation.
265-15(2)
A person who is involved in a contravention of subsection (1) contravenes this subsection.
Use of information - directors, other officers and employees
265-15(1)
A person who obtains information because he or she is, or has been, a director or other officer or employee of an Aboriginal and Torres Strait Islander corporation must not improperly use the information to: (a) gain an advantage for himself or herself or someone else; or (b) cause detriment to the corporation.
Note 1:
This duty continues after the person stops being an officer or employee of the corporation.
Note 2:
This subsection is a civil penalty provision (see section 386-1 ).
Note 3:
Section 265-20 makes special provision for actions done to comply with Native Title legislation obligations.
Note 4:
The contact person for the corporation is covered by the reference to an employee of the corporation.
265-15(2)
A person who is involved in a contravention of subsection (1) contravenes this subsection.
Note 1:
Section 694-55 defines involved in .
Note 2:
This subsection is a civil penalty provision (see section 386-1 ).
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