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Corporations Act 2001
182Use of position—civil obligations
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#### 182 Use of position—civil obligations
Use of position—directors, other officers and employees
(1) A director, secretary, other officer or employee of a corporation must not improperly use their position to:
(a) gain an advantage for themselves or someone else; or
(b) cause detriment to the corporation.
> Note: This subsection is a civil penalty provision (see section 1317E).
(2) A person who is involved in a contravention of subsection (1) contravenes this subsection.
> Note 1: Section 79 defines involved.
> Note 2: This subsection is a civil penalty provision (see section 1317E).