ASIC v Healey: A Case Study on Breach of Duties by Directors under Corporations Act 2001

The ASIC v Healey case study discusses the breach of duties by directors under the Corporations Act 2001. The case involves the failure of directors to comply with financial reporting obligations, resulting in contravention of different provisions of the act. The court held the directors liable for not being careful and diligent towards their work. The case highlights the significant role played by the Federal Court of Australia in holding directors liable for breach of their duties.