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.

[Read more…]

How will the new Privacy laws affect your organisation?

What are the changes?

Legislative changes to the Privacy Act 1988 (Cth) (Privacy Act) will come into effect on 12 March 2014.  The Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth) (Amendments) amends the Privacy Act by introducing:

  • a new definition of Personal Information;
  • the Australian Privacy Principles (APP);
  • a more comprehensive credit reporting system;
  • new provisions on privacy and credit reporting codes; and
  • new powers for the Privacy Commissioner

[Read more…]

Send this to a friend