This article provides an analysis of the court decision in Lewski v ASIC (No 2) [2017] FCAFC 171, which involved allegations of statutory duty breaches by the directors of APCHL. The article discusses the duties breached, the court's reasoning for its decision, and the impact of the decision on Australian corporations law. The case is relevant for understanding the narrow approach taken upon the reliance entity powers and the concept of section 601GC(1)(b).