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Author: Jeswynn Yogaratnam, Lidia Xynas
Publication Date: 13 Oct 2016
Edition: 10th Edition
Corporations Law: In Principle, 10th edition, continues its tradition of being one of the most easy to understand texts on corporate law in Australia. Since the last edition, there have been many significant developments in both legislation and case law as a result of a range of government reviews and administrative changes. This edition incorporates expanded and updated commentary on: the personal property securities reforms, which provide a uniform regulatory framework dealing with personal property securities, including significant amendments to financial services, products and markets; the introduction of the Corporations and Financial Sector Legislation Amendment Act 2013 and the Corporations Amendment (Simple Corporate Bonds and Other Measures) Act 2014; the Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015 which was initiated by Treasury as part of overall reforms. This Act effected changes to the Corporations Act 2001 with respect to the holding of general meetings; remuneration reporting; auditor appointment for companies limited by guarantee and to changes in financial years; the Corporations Amendment (Financial Advice Measures) Act 2016 is part of the Future of Financial Advice (FoFA) reforms which are focused on improving the quality of advice and enhancing retail investor protection; and the new dividend rules under revised s 254T of the Corporations Act 2001 (Cth). Significant cases in this edition, particularly in relation to directors duty of care, include ASIC v Healey (2011) (the Centro Case); ASIC v Hellicar (2012) (the James Hardie Case); Shafron v ASIC (2012); and Forrest v ASIC; Fortescue Metals Group Ltd v ASIC (2012).
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