364CCivil liability for executive officers of bodies corporate

364C  Civil liability for executive officers of bodies corporate

Basic contravention

 (1) An executive officer of a body corporate is liable to a civil penalty if:

 (a) the body corporate contravenes any of the following civil penalty provisions:

 (i) subsection 30(4);

 (ii) subsection 33(4);

 (iii) subsection 33(8);

 (iv) subsection 34(4);

 (v) subsection 37(4);

 (vi) subsection 37(8);

 (vii) subsection 38(4);

 (viii) subsection 41(3);

 (ix) subsection 41(6);

 (x) subsection 42(4);

 (xi) subsection 45(3);

 (xii) subsection 45(6);

 (xiii) subsection 46(5);

 (xiv) subsection 47(5);

 (xv) subsection 48(4);

 (xvi) subsection 49(4);

 (xvii) subsection 184(4);

 (xviii) subsection 184(8);

 (xix) subsection 217(4);

 (xx) subsection 217(8);

 (xxi) subsection 320(4);

 (xxii) subsection 427A(3); and

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

 (2) An executive officer of a body corporate is liable to a civil penalty if:

 (a) the body corporate contravenes any of the following civil penalty provisions:

 (i) subsection 31(5);

 (ii) subsection 32(5);

 (iii) subsection 35(5);

 (iv) subsection 36(5);

 (v) subsection 39(5);

 (vi) subsection 40(5);

 (vii) subsection 43(5);

 (viii) subsection 44(5); and

Civil penalty: 10,000 penalty units.

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

 (3) An executive officer of a body corporate is liable to a civil penalty if:

 (a) the body corporate contravenes subsection 50(4); and

Recklessness

 (4) For the purposes of subsection (1), (2) or (3), the executive officer was reckless as to whether the contravention would occur if:

 (a) the officer was aware of a substantial risk that the contravention would occur; and

 (b) having regard to the circumstances known to the officer, it was unjustifiable to take the risk.

Negligence

 (5) For the purposes of subsection (1), (2) or (3), the executive officer was negligent as to whether the contravention would occur if the officer’s conduct involved: