194Use of position—civil obligations

194 Use of position—civil obligations

194 Use of position—civil obligations

(cf Corporations Act s 182)

(1) Use of position—directors, other officers and employees A director, secretary, other officer or employee of a co-operative must not improperly use their position 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) 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.