Commonwealth Consolidated Acts

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 265.15

Use of information--directors, other officers and employees

  (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.

  (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).