ILAC Assignment

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Failure to follow any of the instructions will result in a penalty up to 10% per indiscretion. ? Chapter 18 of Course Textbook (Clive Turner, Business Law for Managers, 2012) and lecture 7 document are the only sources of information required for this assignment. ? There is no need to undertake any additional research and marks will not be provided for such. ? There is no need for Harvard or APA referencing or footnotes. However, if directly quoting from the facts or the textbook please use double quotation marks and put (“Facts”) or (“Text”) in brackets after the quote and add the page number. Please follow the instruction and DON’T NEED references at all in this assignment. Please only use this document for the sources of information. The question is the ASIC have asked for your advice as to whether Paul, Kim or Karen have breached any of the directors duties under Corporations Act 2001 (Cth). The ASIC advise that there is no evidence that either Paul has improperly used information or that Kim or Karen have failed to discharge their duties in good faith in the best interests of the corporation and for a proper purpose. Do not use case law in your answer. Do not deal with remedies.
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