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For an individual director in breach of s182, Australian Securities and Investments Commission (ASIC) can...

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Accounting

For an individual director in breach of s182, Australian Securities and Investments Commission (ASIC) can seek a Court order for a civil penalty to

a.

Impose a civil penalty three times the amount of the benefit gained/loss avoided.
b.

Require the members to sack the director.
c.

Impose a civil penalty ten times the amount of the benefit gained/loss avoided.
d.

Impose a jail term of up to 5 years.

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