Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 7 - MISCELLANEOUS  

PART 7-4 - APPLICATION OF THIS ACT TO ENTITIES  

Division 180 - Obligations, liabilities and offences  

Subdivision 180-D - Bodies corporate  

SECTION 180-30   LIABILITIES  

180-30(1)    
An amount that is payable under this Act by a company that is a body corporate is payable by each of the following entities:

(a)    the body corporate;

(b)    each individual who was a director of the body corporate at the time the amount became payable;

if, at the time the amount became payable, the body corporate was a registered entity.

180-30(2)    
An amount is payable by a director under paragraph (1)(b) only if the amount is payable by the body corporate because of a deliberate act or omission of the director involving dishonesty, gross negligence or recklessness.

180-30(3)    
If an amount is payable under this section by more than one entity, those entities are jointly and severally liable to pay the amount.