If a director breaches section 181 of the Corporations Act, then it is possible the director could face criminal sanctions.

Question

Quizplus · Accepted Answer

Section 181 of the Corporations Act requires directors to act in good faith and in the best interests of the corporation. Breaching this duty can lead to civil penalties and, in certain circumstances, criminal sanctions if the breach involves recklessness or dishonesty.

If a Director Breaches Section 181 of the Corporations Act