OCV octaviar limited

I wonder if Hutson or any of her FELLOW board members or FELLOW...

  1. 206 Posts.
    I wonder if Hutson or any of her FELLOW board members or FELLOW executive have made Wellington Capital staff aware of their responsibilities under the Corporations Act enacted by the parliament of the people of Australia and promulgated by Her Majesty Queen Elizabeth II.

    Yes, their is an explicit law targeted at them.

    I worry that Wellington Capital staff may believe any promises made to protect them. You know, like what Hutson said she could do for us unit holders.

    CORPORATIONS ACT 2001 - SECT 601FE
    Duties of employees of responsible entity

    (1) An employee of the responsible entity of a registered scheme must not:

    (a) make use of information acquired through being an employee of the responsible entity in order to:

    (i) gain an improper advantage for the employee or another person; or

    (ii) cause detriment to members of the scheme; or

    (b) make improper use of their position as an employee to gain, directly or indirectly, an advantage for themselves or for any other person or to cause detriment to the members of the scheme.

    (2) A duty of an employee of the responsible entity under subsection (1) overrides any conflicting duty the employee has under Part 2D.1.

    (3) A person who contravenes, or is involved in a contravention of, subsection (1) contravenes this subsection.

    Note 1: Section 79 defines involved .

    Note 2: Subsection (3) is a civil penalty provision (see section 1317E).

    (4) A person must not intentionally contravene, or be involved in a contravention of, subsection (1).

 
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