153ZDNo orders under subsection 76(1) against certain individuals

153ZD No orders under subsection 76(1) against certain individuals

(1) Nothing in subsection 76(1) authorises the making of an order against an individual covered under subsection (2) because the individual:

(a) has aided, abetted, counselled or procured a corporation to contravene section 153E, 153F, 153G or 153H; or

(b) has induced, or attempted to induce, a corporation, whether by threats or promises or otherwise, to contravene section 153E, 153F, 153G or 153H; or

(c) has been in any way, directly or indirectly, knowingly concerned in, or party to, the contravention by a corporation of section 153E, 153F, 153G or 153H; or

(d) has conspired with others for a corporation to contravene section 153E, 153F, 153G or 153H.

(2) An individual is covered under this section unless the individual is a director, secretary or senior manager (within the meaning of the Corporations Act 2001) of the corporation.