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Safe harbours for startups and other directors

Australia - December 16 2015 On 7 December 2015, the Federal Government released the National Innovation and Science Agenda, delivering a range of new initiatives. Among the key...

David Cornwell, James Lowrey.

Company administrators, be warned: seeking review of capped remuneration

Australia - December 16 2010 Under section 449E(2) of the Corporations Act 2001 (Cth), the Court may review the remuneration of the administrator of a company on the application of the administrator....

Garrett Williams.

Record $14 million penalty for misuse of market power: ACCC v Cabcharge

Australia - December 16 2010 The Federal Court has imposed a record penalty for misuse of market power, after the Respondent (Cabcharge) settled with the Applicant (ACCC) and was fined $14 million for contravening section 46 of the Trade Practices Act (TPA)...

Garrett Williams.

The National Insolvent Trading Program Report

Australia - November 30 2010 On 13 October 2010 ASIC released the National Insolvent Trading Program (NITP) Report, which sets out key messages, promoting greater director responsibility by encouraging directors to remain properly and fully informed about a company's financial affairs, and to be aware of the implications of insolvent trading; and to seek (timely) professional advice from accountants, lawyers and insolvency practitioners....

Dean Gerakiteys.