Document ID: chunk:federal_register_of_legislation:C2025C00185:section:182
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 182
Character Range: 558768–559357

182  Use of position—civil obligations

Use of position—directors, other officers and employees
 (1) A director, secretary, other officer or employee of a corporation must not improperly use their position to:
 (a) gain an advantage for themselves or someone else; or
 (b) cause detriment to the corporation.
Note: 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).