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  3. 3 asic wins case against centro directors answer the following...

Question: 3 asic wins case against centro directors answer the following...

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3)      “ASIC wins case against Centro directors”  answer the following questions: ASIC v Centro Property Group

 

In this case, which was the hearing at first instance, the court determined that the directors had committed a major breach of duty in relation to the omission of certain contingent liabilities from the company accounts. 

 

b)    With reference to at least one statutory provision, identify two (2) parties who the directors had argued in their defence that they were entitled to rely upon and what was their justification for doing so.

 

 

 

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