The statutory regime for the operation of companies in Australia is heavily regulated.
In addition to the provisions of the Corporations Act, there are numerous Court decisions that assist in interpreting the legislation and determining the conduct of companies.
At McAuliffe Legal we can advise our corporate clients and their office bearers and shareholders upon their statutory obligations and the appropriate operational procedures and legal requirements for companies. Noncompliance can lead to serious losses for a company. Significant fines can be imposed not only upon the company but also upon its office bearers.
Many office bearers overlook the personal risk that can arise if a corporation does not comply with its statutory obligations. In some circumstances, such as whilst trading insolvent, or through the non-payment of various taxes, office bearers can be found personally responsible with devastating consequences.
Having a clear understanding of your rights following a clear explanation of relevant laws by McAuliffe Legal can assist you in avoiding such pitfalls.