Cassimatis v Australian Securities and Investments Commission  FCAFC 52 - "Dystopian Accessorial Liability" or the End of "Stepping Stones" as We Know It?
COMPANY AND SECURITIES LAW JOURNAL | Thomson Reuters | Published : 2020
This note focuses on two significant point made by the majority judges in relation to s 180 of the Corporations Act 2001. The first is affirmation of the public nature of the duty of directors in s 180 of the Corporations Act 2001. The second is the point that stepping stones is not in fact a separate ground of liability. Rather, it is a straightforward application of s 180 (or another duty) to the fact of each particular case.
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Associate Professor, Melbourne Law School, University of Melbourne. This research was funded fully by the Australian Government through the Australian Research Council.