Document ID: chunk:federal_register_of_legislation:C2025C00185:section:183
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 183
Character Range: 559357–560111

183  Use of information—civil obligations

Use of information—directors, other officers and employees
 (1) A person who obtains information because they are, or have been, a director or other officer or employee of a corporation must not improperly use the information to:
 (a) gain an advantage for themselves 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 1317E).
 (2) A person who is involved in a contravention of subsection (1) contravenes this subsection.
Note 1: Section 79 defines involved.
Note 2: This subsection is a civil penalty provision (see section 1317E).