Australia uncategorized

Vines v ASIC

[2007] NSWCA 75; (2007) 73 NSWLR 451

JurisdictionAustralia

CourtSupreme Court of New South Wales (Court of Appeal)

Year2007

StatusBinding authority

Key Principle

An officer with express responsibility for the flow of accurate information to the board must exercise the care and diligence of a reasonable person in that position; reliance on outdated information without verification can breach the statutory and equitable duty of care under s 180.

Area of Law

Related Cases

Miller v The Queen [2016] HCA 30; (2016) 259 CLR 380 (Miller v The Queen; Smith v The Queen; Presley v DPP (SA))

Ringrow Pty Ltd v BP Australia Pty Ltd [2005] HCA 71; (2005) 224 CLR 656

Maggbury Pty Ltd v Hafele Australia Pty Ltd [2001] HCA 70; (2001) 210 CLR 181

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