Journal article
Aspects of Corporate Delegation, Reliance and Financial Reporting: Lessons from Australian Securities and Investments Commission v Healey (2011) 29 ACLC 11-67
Canberra Law Review, Vol.31(1), pp.16-27
2015
Abstract
This case note assesses the impact of the recent decision in the Federal Court of Australia on the duties of company directors with regard to financial reporting. The case is important because it established Negligence as a new test for determining a contravention of s 344(1) of the Corporations Act 2001 (Cth). Up to this point in time an offence under the Act had to be the result of Dishonesty. For this reason, the case imposes a greater duty of care on company directors with regard to reliance on delegation in meeting their obligations under the Act.
Details
- Title
- Aspects of Corporate Delegation, Reliance and Financial Reporting: Lessons from Australian Securities and Investments Commission v Healey (2011) 29 ACLC 11-67
- Authors
- Gregory Laing (Author) - University of the Sunshine Coast - Faculty of Arts and BusinessSusan Douglas (Author) - University of the Sunshine Coast - Faculty of Arts and BusinessGregory Watt (Author)
- Publication details
- Canberra Law Review, Vol.31(1), pp.16-27
- Publisher
- University of Canberra, School of Law
- Date published
- 2015
- ISSN
- 1839-2660
- Copyright note
- Copyright © 2015 University of Canberra and Authors. This journal issue is licensed under a Creative Commons Attribution 3.0 Australia licence
- Organisation Unit
- School of Business and Creative Industries; University of the Sunshine Coast, Queensland; School of Law and Society; School of Law and Criminology - Legacy
- Language
- English
- Record Identifier
- 99449563702621
- Output Type
- Journal article
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