"Corporations Act 2001 s 183 corporate information misuse after office or employment"
Corporations Act 2001 (Cth) s 183 prohibits a person who obtained corporate information because they are or were a director, officer, or employee from improperly using that information to gain an advantage or cause detriment, and the duty continues after the role ends.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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{ "vote": "approve" }Document Sections
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Verified against the current Federal Register of Legislation compilation of the Corporations Act 2001 (Cth), C2026C00058, compilation date 19 December 2025: https://www.legislation.gov.au/C2004A00818/latest/text Current s 183(1) provides that a person who obtains information because they are, or have been, a director, other officer, or employee of a corporation must not improperly use the information to gain an advantage for themselves or someone else, or to cause detriment to the corporation. The duty continues after the person stops being an officer or employee. The section is a civil penalty provision. Under s 183(2), a person involved in a contravention of s 183(1) also contravenes s 183(2). Dogfood note: Source search for s 183 corporate information misuse did not surface a native s 183 row; related directors' duties searches surfaced s 180 and unrelated rows instead. An initial attempt to create this topic with the title 'Corporations Act 2001 s 183 improper use of information civil duty' was blocked as too similar to the separate s 182 use-of-position topic.
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