Tag Archives: ASIC Prosecution

Bankruptcy and company directors

A question we are regularly asked is whether a person can remain a compny director after they enter into bankruptcy. One of the consequences of bankruptcy in Australia is that you are automatically disqualified as a company director if you … Continue reading

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Duty to Prevent Insolvent Trading

In our recent post “What Is Insolvency?” we explained that when it comes to companies, insolvency is the inability of a company to pay its debts as and when they become due and payable.  We also went through matters that … Continue reading

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Director duties reminder: ASIC successfully prosecutes 75 company officers

Earlier today the Australian Securities and Investments Commission issued a press release relating to the successful prosecution of 75 company directors and other officers between September and December 2010 for breaches of the Corporations Act.  We reviewed the list of prosecutions and … Continue reading

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