(1) If:
(a) a body corporate commits an offence against Part VAA (other than Division 6); and
(b) an executive officer of the body was reckless as to whether the offence would be committed; and
(c) the officer was in a position to influence the conduct of the body in relation to the offence; and
(d) the officer failed to take all reasonable steps to prevent the offence being committed;
the officer commits an offence.
(2) An offence against subsection (1) is punishable on conviction by:
(a) imprisonment for a term not exceeding the term specified for the offence committed by the body corporate; or
(b) if no term of imprisonment is specified for the offence committed by the body corporate--a pecuniary penalty not exceeding the pecuniary penalty specified for the offence committed by the body corporate.