Month: March 2020

Company Officer

Who is a Company Officer? High Court’s Landmark Decision

The question of who is an officer of an entity is an important matter to understand. The law imposes duties and responsibilities on directors and officers who may, for example, be exposed to criminal liability, liability for breach of duty, or claims for insolvent trading.

Illegal Phoenixing

Increased ASIC Powers Target Illegal Phoenixing

Changes to company laws has tightened regulation of Australia’s company law landscape, targeting illegal phoenixing and extending director liabilities. It’s estimated that the annual direct impact of phoenixing activity costs the Australian economy between $2.85 and $5.13 billion.