Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-4 - DUTIES AND POWERS OF DIRECTORS AND OTHER OFFICERS AND EMPLOYEES  

Division 265 - General duties  

SECTION 265-10   USE OF POSITION - CIVIL OBLIGATIONS  
Use of position - directors, other officers and employees

265-10(1)    
A director, secretary, other officer or employee of an Aboriginal and Torres Strait Islander corporation must not improperly use his or her position to:

(a)    gain an advantage for himself or herself or someone else; or

(b)    cause detriment to the corporation.

Note 1:

This subsection is a civil penalty provision (see section 386-1 ).

Note 2:

Section 265-20 makes special provision for actions done to comply with Native Title legislation obligations.

Note 3:

The contact person for the corporation is covered by the reference to an employee of the corporation.


265-10(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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