Co-operatives National Law (Queensland)
sec.194Use of position—civil obligations (cf Corporations Act s 182 )
Start here
Get a plain-English read of sec.194
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (Queensland).
sec.194 Use of position—civil obligations (cf Corporations Act s 182 )
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— gain an advantage for themselves or someone else; or cause detriment to the co-operative. This subsection is a civil penalty provision (see section 554 ). A person who is involved in a contravention of subsection (1) contravenes this subsection. This subsection is a civil penalty provision (see section 554 ). Section 9 defines “involved” in a contravention. (sec.194-ssec.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— gain an advantage for themselves or someone else; or cause detriment to the co-operative. This subsection is a civil penalty provision (see section 554 ). (sec.194-ssec.2) A person who is involved in a contravention of subsection (1) contravenes this subsection. This subsection is a civil penalty provision (see section 554 ). Section 9 defines “involved” in a contravention.
- (a) gain an advantage for themselves or someone else; or
- (b) cause detriment to the co-operative.