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 265-15   USE OF INFORMATION - 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.

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 ).

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.