ASIC guide for small business directors

The aim of this guide is to help small business directors comply with their legal obligations.

This guide sets out:

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Important notice

This guide contains information about certain key duties and legal obligations of directors under the Corporations Act 2001 and some other laws, with a particular focus on small business company directors.

It is not a complete guide to all directors’ duties. It does not cover the whole of the relevant law regarding the topics outlined and is not a substitute for professional advice.

You should also note that because this guide avoids legal language wherever possible, it might include some generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases, your particular circumstances must be taken into account when determining how the law applies to you.

Protect your business from unfair contract terms

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Find out more about the new law applying from 12 November 2016 that aims to protect small businesses from unfair contract terms.

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Last updated: 20/06/2016 03:50