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04 November 2013

New legislation reduces the liability of directors and officers in Queensland

On 26 October 2013, the Queensland Parliament passed the Directors’ Liability Reform Amendment Act to give effect to its promise to introduce legislation to reduce the liability of directors and officers in Queensland. The Act took effect on 1 November 2013.

On 26 October 2013, the Queensland Parliament passed the Directors’ Liability Reform Amendment Act to give effect to its promise to introduce legislation to reduce the liability of directors and officers in Queensland. The Act took effect on 1 November 2013.

In this video update, Cooper Grace Ward partner David Grace discusses the main effects of the legislation as well as who is likely to be affected.

 

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