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Understanding the Duties of Company Directors in Australia
Understanding the Duties of Company Directors in Australia Under the Corporations Act 2001 (Cth) In Australia, the responsibilities and liabilities of company directors are primarily governed by the Corporations Act 2001 (Cth) (the ‘Corporations Act’). This legislation outlines the legal obligations that directors must adhere to in managing the affairs of a corporation. The Act […]
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Increasing Insolvency Activity in Australia
Increasing Insolvency Activity in AustraliaIn recent times, Australia has observed a significant uptick in insolvency activities, affecting both companies and individuals. This trend reflects broader economic pressures and highlights concerns regarding financial stability and credit risks in various sectors. Corporate Insolvencies Corporate insolvencies have seen a noticeable rise. The Australian Securities & Investments Commission (ASIC) […]
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