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ARTICLE · 02 AUGUST 2007

Directors Beware

Moore Australia
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The office of Director is becoming more closely scrutinised by the Australian Securities and Investment Commission (ASIC), with ASIC now having a number of programs to monitor possible breaches of directors’ duties, particularly in relation to insolvency related offences.

AustraliaCorporate/Commercial Law
Dino Travaglini
Dino Travaglini
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The office of Director is becoming more closely scrutinised by the Australian Securities and Investment Commission (ASIC), with ASIC now having a number of programs to monitor possible breaches of directors' duties, particularly in relation to insolvency related offences.

National Insolvency Program



Since July 2003, ASIC has established a program of reviewing companies which may be potentially insolvent. The program undertakes surveillance of companies which demonstrate signs of insolvency or potential insolvency, based upon complaints made by the public, such as credit providers and employees, listed company reports and liquidator's reports.

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