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Australian Securities and Investments Commission v Drake (No 2) [2016] FCA 1552

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CORPORATIONS - directors' duties - s 180(1) of the Corporations Act 2001 (Cth) - onus of proof in relation to proving alternative courses of action in s 180 of the Corporations Act CORPORATIONS - directors' duties - s 181 and s 182 of the Corporations Act - test for proving improper purpose - test for causation TRUSTS AND TRUSTEES - breach of trust - nature of trustee's duty of care - whether trust deed can exclude equitable obligation or obligation in s 22 of the Trusts Act 1973 (Qld) to act as a prudent trustee

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