North Sydney Commercial Lawyers

Director Penalty RegimePrint This Post

Presented in Sydney, Brisbane and Perth in March 2013.

This whitepaper contains the following topics…

  • Director Penalty Regime;
  • The Old Director Penalty Regime;
    • What is Divisition 9 of Part VI?
    • The Notice Itself;
    • Existing Directors: Then & Now;
    • De Facto Directors;
    • New Directors;
    • Service of Notices;
    • Complying with the Notice;
  • Statutory Defences
    1. Take part in management
    2. All reasonable steps taken

The New ‘Director Penalty Regime’

  • Limitations faced by the Commissioner under the previous DRP
  • Changes to Div 269
  • Other courses of Action Available to the Commissioner