New Company Law content: accessorial liability under the Corporations Act
Content updates
To assist practitioners to navigate these concepts, Practical Law Corporate has published Practice note, Accessorial liability under the Corporations Act 2001 (Cth), which explains the principles applicable to accessorial liability for involvement in civil contraventions of the Corporations Act. The note discusses:
- The meaning of "involved" and who may be liable as an accessory for the purposes of the accessorial liability regime in the Corporations Act.
- The role of the Australian Securities and Investments Commission (ASIC) in relation to claims involving accessorial liability under the Corporations Act.
- The relief available where a person is found to be accessorily liable for a contravention of the Corporations Act.
By Lauren Singh
Senior Writer, Practical Law Australia
Lauren Singh writes for Practical Law’s Corporate practice area. She joined Practical Law after having practised at Watson Mangioni and Piper Alderman. Lauren has experience advising clients on IPOs, mergers and acquisitions and matters of general corporate governance, in particular ASX-listed companies.