50Directors and managers liable for offences committed by corporations

50 Directors and managers liable for offences committed by corporations

50 Directors and managers liable for offences committed by corporations

(1) If a corporation contravenes a provision of this Act or the regulations, each person who—

(a) is a director of the corporation, or

(b) is concerned in the management of the corporation,

is to be treated as having contravened that provision if the person knowingly authorised or permitted the contravention.

(1A) Subsection (1) does not apply in respect of a contravention of section 33 (1) or 48.

(2) A person may be proceeded against and convicted under a provision pursuant to subsection (1) whether or not the corporation has been proceeded against or been convicted under the provision.

(3) Nothing in this section affects any liability imposed on a corporation for an offence committed by the corporation against this Act or the regulations.

s 50: Am 2011 No 2, Sch 1.1.