Compensation proceedings for amount

Compensation proceedings for amounts lost by creditors can be initiated by ASIC, a liquidator or a creditor against a director personally. A compensation order can be made in addition to civil penalties.

Compensation payments are potentially unlimited and could lead to the personal bankruptcy of directors. The personal bankruptcy of a director disqualifies that director from continuing as a director or managing a company.

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Compensation proceedings for amounts lost by creditors can be initiated by ASIC, a liquidator or a creditor against a director personally. A compensation order can be made in addition to civil penalties. Compensation payments are potentially unlimited and could lead to the personal bankruptcy of directors. The personal bankruptcy of a director disqualifies that director from continuing as a director or managing a company.

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Compensation proceedings for amounts lost by creditors can be initiated by ASIC, a liquidator or a creditor against a director personally. A Compensation Order Can be Made in addition to Civil penalties.

Compensation Payments are potentially Unlimited and could Lead to the Personal bankruptcy of Directors. The personal bankruptcy of a director disqualifies that director from continuing as a director or managing a company.

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Results (English) 3:[Copy]

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Compensation proceedings for amounts lost by creditors can be initiated by ASIC a liquidator, or a creditor against a director. Personally. A compensation order can be made in addition to civil penalties.Compensation payments are potentially unlimited and could lead to the personal bankruptcy of directors. The personal bankruptcy. Of a director disqualifies that director from continuing as a director or managing a company.

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