364BCriminal liability for executive officers of bodies corporate

364B  Criminal liability for executive officers of bodies corporate

Basic contravention

 (1) An executive officer of a body corporate commits an offence if:

 (a) the body corporate commits an offence by contravening any of the following provisions:

 (i) subsection 30(2);

 (ii) subsection 33(2);

 (iii) subsection 33(6);

 (iv) subsection 34(2);

 (v) subsection 37(2);

 (vi) subsection 37(6);

 (vii) subsection 38(2);

 (viii) subsection 41(2);

 (ix) subsection 41(5);

 (x) subsection 42(2);

 (xi) subsection 45(2);

 (xii) subsection 45(5);

 (xiii) subsection 46(2);

 (xiv) subsection 47(2);

 (xv) subsection 48(2);

 (xvi) subsection 49(2);

 (xvii) subsection 184(2);

 (xviii) subsection 184(6);

 (xix) subsection 217(2);

 (xx) subsection 217(6);

 (xxi) subsection 320(2);

 (xxii) subsection 427A(2); and

Contravention involving intention to obtain commercial advantage or economic consequences for Australia

 (2) An executive officer of a body corporate commits an offence if:

 (a) the body corporate commits an offence by contravening any of the following provisions:

 (i) subsection 31(2);

 (ii) subsection 32(2);

 (iii) subsection 35(2);

 (iv) subsection 36(2);

 (v) subsection 39(2);

 (vi) subsection 40(2);

 (vii) subsection 43(2);

 (viii) subsection 44(2); and

Penalty: Imprisonment for 10 years or 5,000 penalty units, or both.

Contravention involving making false or misleading representation about non‑prescribed goods that are entered for export

 (3) An executive officer of a body corporate commits an offence if:

 (a) the body corporate commits an offence by contravening subsection 50(2); and

Reasonable steps to prevent contravention

 (4) For the purposes of paragraph (1)(d), (2)(d) or (3)(d), in determining whether an executive officer of a body corporate failed to take all reasonable steps to prevent a contravention, a court may have regard to all relevant matters, including:

 (a) what action (if any) the officer took directed towards ensuring the following (to the extent that the action is relevant to the contravention):

 (i) that the body corporate arranges regular professional assessments of the body corporate’s compliance with the provisions referred to in paragraphs (1)(a), (2)(a) and (3)(a);