Directors’ Liability Reform Bill 2022
Uniform Legislation and Statutes Review Committee· 14 February 2023general_report
The WA parliamentary committee examined the Directors' Liability Reform Bill 2022, which aims to limit and standardise directors' liability for corporate offences across WA legislation, aligning with COAG principles. The committee found no significant impact on parliamentary sovereignty, except regarding commencement provisions for the Biodiversity Conservation Act 2016.
Impact
The bill will affect company directors and officers by changing the circumstances under which they can be held personally liable for offences committed by their companies. It also impacts the broader corporate governance landscape in WA.
financejusticepublic_sectordirectors liabilitycorporate faultCOAG principlesparliamentary sovereigntycriminal codeofficer liabilitycorporate governanceWA legislationuniform legislationcommencement provisions
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