Document ID: chunk:federal_register_of_legislation:C2024C00557:section:168
Version: federal_register_of_legislation:C2024C00557
Segment Type: section
Provision Reference: s 168
Character Range: 435921–436731

168  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 reasonable steps to prevent the contravention;
the officer contravenes this subsection.
 (2) Subsection (1) is a civil penalty provision.
 (3) Under section 147, a 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 referred to in paragraph (1)(a).