Revise your part before discuss the case law. Provide your revision about Care, Skill and Dilligence in Corporation Act $2001$ includes statutory law, general law duties, defences and remedies.



General law: Care, Skill and Dilligence that we have to revise are:

$-$ Daniels v Anderson $(1995)37$ NSWLR $438.$

$-$ Gold Ribbon $($Accountants$)$ Pty Ltd v Sheers $[2006]$ QCA $335.$

$-$ ASIC v Healey $[2001]$ FCA $717.$

Based on s$180(1)$ Objective Test "Would a reasonable director have done the same thing in that situation"



Revise about Defences:

$-$  the Business Judgement Rule: s$180(2)$

$-$ Reliance on others: s$189$

$-$ Responsibility b for the actions of delegates: s$190$

With the general law ASIC v Adler and Ors $[2002]$ NSWSC $171$

Answer rating: 100% (QA)

ANSWER Revised information on Care Skill and Diligence in the Corporation Act 2001 Care Skill and Diligence in the Corporation Act 2001 include statut... View the full answer