Commonwealth Consolidated Acts

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Background to duties of directors, other officers and employees

             (1)  This Part sets out some of the most significant duties of directors, secretaries, other officers and employees of corporations. Other duties are imposed by other provisions of this Act and other laws (including the general law).

Note:          For a CCIV, there are additional duties: see Divisions 2 and 3 of Part 8B.3.

             (2)  Section 9 defines both director and officer . Officer includes, as well as directors and secretaries, some other people who manage the corporation or its property (such as receivers and liquidators).

Note:       This Division applies in relation to CCIVs in a modified form: see sections 1224C.

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