195Use of information—civil obligations

#### 195 Use of information—civil obligations 195 Use of information—civil obligations (cf Corporations Act s 183) > > (1) Use of information—directors, other officers and employees A person who obtains information because they are, or have been, a director or other officer or employee of a co-operative must not improperly use the information to— > > > > > (a) gain an advantage for themselves or someone else; or > > > > > (b) cause detriment to the co-operative. > > > > Note— > > > > This subsection is a civil penalty provision (see section 554). > > > (2) The duty under subsection (1) continues after the person stops being a director or other officer or employee of the co-operative. > > > (3) A person who is involved in a contravention of subsection (1) contravenes this subsection. > > > > Note 1— > > > > This subsection is a civil penalty provision (see section 554). > > > > Note 2— > > > > Section 9 defines “involved” in a contravention.