CORPORATIONS - Aboriginal and Torres Strait Islander corporation - contraventions under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth) involving duties of directors and officers including duty of care and diligence, not to improperly use position to gain advantage or cause detriment and record keeping - civil penalty regime - multiple contraventions of civil penalty provisions - totality principle - whether to make declarations and orders for disqualification, compensation and/or pecuniary penalties - admissions by some respondents.
Held: disqualification of five years imposed on first and second respondents and six months on third respondent - first and second respondents to pay pecuniary penalty of $38,500 and costs.
↧