Document ID: chunk:federal_register_of_legislation:C2025C00131:section:61aob
Version: federal_register_of_legislation:C2025C00131
Segment Type: section
Provision Reference: s 61AOB
Character Range: 257812–258637

61AOB  Civil penalties for executive officers of bodies corporate
 (1) If:
 (a) a body corporate contravenes a civil penalty provision; and
 (b) an executive officer of the body knew that, or was reckless or negligent as to whether, the contravention would occur; and
 (c) the officer was in a position to influence the conduct of the body in relation to the contravention; and
 (d) the officer failed to take all reasonable steps to prevent the contravention;
the officer contravenes this subsection.
 (2) Subsection (1) is a civil penalty provision. Under section 61AIC, the Federal Court may order a person contravening subsection (1) to pay a pecuniary penalty not more than the pecuniary penalty the Court could order an individual to pay for contravening the civil penalty provision contravened by the body corporate.