133Liability of directors etc for offences by body corporate—offences attracting executive liability

#### 133 Liability of directors etc for offences by body corporate—offences attracting executive liability 133 Liability of directors etc for offences by body corporate—offences attracting executive liability > > (1) For the purposes of this section, an executive liability offence is an offence against any of the following provisions that is committed by a body corporate— > > > > > (a) section 27 or 28, > > > > > (b) section 47 or 48, > > > > > (c) section 76 (5), 78 or 79 (4), > > > > > (d) section 85, 89 or 102, > > > > > (e) section 126. > > > (2) A person commits an offence against this section if— > > > > > (a) a body corporate commits an executive liability offence, and > > > > > (b) the person is— > > > > > > > (i) a director of the body corporate, or > > > > > > > (ii) an individual who is involved in the management of the body corporate and who is in a position to influence the conduct of the body corporate in relation to the commission of the executive liability offence, and > > > > > (c) the person— > > > > > > > (i) knows or ought reasonably to know that the executive liability offence (or an offence of the same type) would be or is being committed, and > > > > > > > (ii) fails to take all reasonable steps to prevent or stop the commission of that offence. > > > > Maximum penalty—The maximum penalty for the executive liability offence if committed by an individual. > > > (3) The prosecution bears the legal burden of proving the elements of the offence against this section. > > > (4) The offence against this section can only be prosecuted by a person who can bring a prosecution for the executive liability offence. > > > (5) This section does not affect the liability of the body corporate for the executive liability offence, and applies whether or not the body corporate is prosecuted for, or convicted of, the executive liability offence. > > > (6) This section does not affect the application of any other law relating to the criminal liability of any persons (whether or not directors or other managers of the body corporate) who are accessories to the commission of the executive liability offence or are otherwise concerned in, or party to, the commission of the executive liability offence. > > > (7) In this section— > > > > director has the same meaning as in the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth. > > > > reasonable steps, in relation to the commission of an executive liability offence, includes, but is not limited to, such action (if any) of the following kinds as is reasonable in all the circumstances— > > > > > (a) action towards— > > > > > > > (i) assessing the body corporate’s compliance with the provision creating the executive liability offence, and > > > > > > > (ii) ensuring that the body corporate arranged regular professional assessments of its compliance with the provision, > > > > > (b) action towards ensuring that the body corporate’s employees, agents and contractors are provided with information, training, instruction and supervision appropriate to them to enable them to comply with the provision creating the executive liability offence so far as the provision is relevant to them, > > > > > (c) action towards ensuring that— > > > > > > > (i) the plant, equipment and other resources, and > > > > > > > (ii) the structures, work systems and other processes, > > > > > > relevant to compliance with the provision creating the executive liability offence are appropriate in all the circumstances, > > > > > (d) action towards creating and maintaining a corporate culture that does not direct, encourage, tolerate or lead to non-compliance with the provision creating the executive liability offence.