Archives for February 2013

Director’s duty to prevent insolvent trading

It is widely accepted that the directors of a company have a duty to prevent insolvent trading.  The wake of high profile corporate collapses has brought the issue of insolvent trading to the forefront of many consumer’s minds. [Read more…]

Fair Work Amendment Act – how the changes affect your business

The Fair Work Amendment Act 2012 (FWAA) was assented to on 4 December 2012, and came into partial effect on 1 January 2013.  The legislative changes were made in response to industry demands, and relate to unfair dismissals, general protections and enterprise agreements.

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Criminal liability shifts away from company officers

The Personal Liability for Corporate Fault Reform Act 2012 (PLCFRA), assented to on 10 December 2012, was implemented in an effort to ensure that personal criminal liability for corporate fault is imposed in accordance with the principles of good corporate governance.

Prior to the PLCFRA, company secretaries and directors were made criminally liable for the acts of the corporation in which they served.

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