Section 183 — Corporations Act 2001 (Cth)

Use of information—directors, other officers and employees

(1) A person who obtains information because they are, or have been, a director or other officer or employee of a corporation must not improperly use the information to:

(a) gain an advantage for themselves or someone else; or

(b) cause detriment to the corporation.

Note 1: This duty continues after the person stops being an officer or employee of the corporation.

Note 2: 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).

Related sections

• s 180 — Care and diligence—civil obligation only
• s 181 — Good faith—civil obligations
• s 182 — Use of position—civil obligations
• s 184 — Good faith, use of position and use of information—criminal offences
• s 185 — Interaction of sections 180 to 184 with other laws etc.
• s 186 — Territorial application of sections 180 to 184

Research how courts apply s 183

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.