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);  (ii) that the body corporate implements any appropriate recommendations arising from such an assessment;  (iii) that the body corporate’s employees, agents and contractors have a reasonable knowledge and understanding of the requirements to comply with the provisions referred to in paragraphs (1)(a), (2)(a) and (3)(a) in so far as those requirements affect the employees, agents or contractors concerned;  (iv) that the body corporate had in place adequate procedures to prevent the contravention; and  (b) what action (if any) the officer took when the officer became aware of the contravention.  (5) Subsection (4) does not limit subsection (1), (2) or (3).