📜 Directors' Liability Reform Bill 2015
Legislative Council Second Reading - Committee Report TabledLCBill 11525 February 2015
The Bill amends the Criminal Code and other Acts to limit and standardise provisions that impose personal criminal liability on directors for corporate offences. It aims to clarify when directors can be held liable for their company's actions.
Impact
Directors and officers of bodies corporate are directly affected, as the bill clarifies the circumstances under which they can be held criminally liable for offences committed by the corporation. This aims to provide more certainty and fairness in the application of directors' liability.
Key Changes
["Inserts a new Chapter VI into the Criminal Code regarding criminal liability of officers of bodies corporate.", "Standardises the provisions for determining officer liability for corporate offences, including the onus of proof.", "Amends numerous Acts to replace existing officer liability provisions with the standardised approach."]
Parliamentary Progress
- LC Second Reading MovedLC21 Apr 2015
Affected Sectors
justicepublic_sectorfinanceenvironmentminingconstructionagricultureother
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