Corporations Law: In Principle, 11th edition, continues its tradition of being one of the most easy to understand texts on corporate law in Australia. Since the last edition, there have been many significant developments in both legislation and case law as a result of a range of government reviews and administrative changes.

This edition incorporates expanded and updated commentary on legislative changes including:

The Treasury Laws Amendment (2017 Enterprise Incentives No 2) Act 2017 (Cth) which introduced a safe harbour for directors from personal liability for insolvent trading, encouraging them to undertake restructuring efforts without fear of personal repercussions. The Corporations Amendment (Crowd-Sourced Funding) Act 2017 (Cth) and the Corporations Amendment (Crowd-Sourced Funding for Proprietary Companies) Act 2018 (Cth) that now facilitates access to capital for startups and small businesses by allowing them to raise funds through crowd-sourced funding platforms.  The Financial Sector Reform (Hayne Royal Commission Response – Stronger Regulators (2019 Measures) Act 2020 (Cth) and the Financial Sector Reform (Hayne Royal Commission Response – Protecting Consumers (2019 Measures)) Act 2020 (Cth) introduced  to enhance regulatory oversight and protect consumers.  The Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (Cth) which is aimed to simplify and clarify financial services laws by implementing recommendations from the Australian Law Reform Commission. The Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (Cth) which focuses on reducing red tape and improving financial outcomes for consumers, including changes to superannuation and financial advice regulations. Additionally, the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2024 (Cth) has introduced stronger penalties for corporate and financial sector misconduct, enhancing the enforcement capabilities of regulators.

Significant cases in this edition, particularly in relation to directors’ duties include:

ASIC v King [2020] HCA 4; ASIC v Flugge (No 2) [2017] VSC 117; ASIC v Cassimatis [No 8] [2016] FCA 1023; Australian Building and Construction Commissioner v Pattinson (2022) 399 ALR 599; [2022] HCA 13; ASIC v Mitchell (No 2) [2020] FCA 1098; ASIC v Mitchell (No 3) [2020] FCA 1604; ASIC v Big Star Energy Ltd (No 3) [2020] FCA 1442; Australian Building and Construction Commissioner v Pattinson (2022) 399 ALR 599; [2022] HCA 13; DSHE Holdings (Recs and Mgrs) (In Liq) v Potts; HSBC Bank Ltd v Abboud; Potts v National Australia Bank Limited [2022] NSWCA 165.

Corporations Law: In Principle, 11th edition, continues its tradition of being one of the most easy to understand texts on corporate law in Australia. Since the last edition, there have been many significant developments in both legislation and case law as a result of a range of government reviews and administrative changes.

This edition incorporates expanded and updated commentary on legislative changes including:

The Treasury Laws Amendment (2017 Enterprise Incentives No 2) Act 2017 (Cth) which introduced a safe harbour for directors from personal liability for insolvent trading, encouraging them to undertake restructuring efforts without fear of personal repercussions. The Corporations Amendment (Crowd-Sourced Funding) Act 2017 (Cth) and the Corporations Amendment (Crowd-Sourced Funding for Proprietary Companies) Act 2018 (Cth) that now facilitates access to capital for startups and small businesses by allowing them to raise funds through crowd-sourced funding platforms.  The Financial Sector Reform (Hayne Royal Commission Response – Stronger Regulators (2019 Measures) Act 2020 (Cth) and the Financial Sector Reform (Hayne Royal Commission Response – Protecting Consumers (2019 Measures)) Act...