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Australia directors dutiesduty of care s180regulation

ASIC v Cassimatis (No 8)

(2016) 336 ALR 209
JurisdictionAustralia
CourtFederal Court of Australia (single judge, Edelman J)
Year2016
StatusBinding authority

Key Principle

The FCA held that directors of a financial services company breached their duty of care under s.180 of the Corporations Act by failing to prevent the company from providing inappropriate financial advice to retail clients.

Area of Law

corporate

Related Cases

Australian Securities and Investments Commission v Bekier (Liability Judgment) [2026] FCA 196
Hopper & Anor v State of Victoria [2026] HCA 11
Wright Prospecting Pty Ltd v Hancock Prospecting Pty Ltd & Ors [2026] WASC 101

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