Inquiry into the Personal Liability for Corporate Fault Reform Bill 2012

Note: This page contains links to PDF files. For more information, see the web page on Accessing files.

Inquiry into the Personal Liability for Corporate Fault Reform Bill 2012

29 October 2012

© Commonwealth of Australia 2012
ISBN 978-1-74229-702-6

View the report as a single document - (PDF 360KB)

View the report as separate downloadable parts:

Members of the Committee (PDF 34KB)
Duties of the Committee (PDF 38KB)
Abbreviations (PDF 10KB)
Recommendations (PDF 11KB)
Chapter 1 - Introduction (PDF 26KB)

The referral
Conduct of the inquiry
Context of the inquiry
Proposed amendments

Chapter 2 - The reform agenda of the Council of Australian Governments (PDF 114KB)
Chapter 3 - Key provisions of the bill (PDF 39KB)

Corporations Act 2001
Foreign Acquisition and Takeovers Act 1975
Health Insurance Act 1973
National Vocational Education and Training Regulator Act 2011
Therapeutic Goods Act 1989
Insurance Contracts Act 1984
Taxation Administration Act 1953
Other Acts amended by the bill

Chapter 4 - Concerns raised in evidence (PDF 90KB)

Support for the reform
Severity of proposed civil penalties
Retention of reverse onus of proof
Retention of derivative liability provisions—'principle 4'
A model provision?

Chapter 5 - Committee view (PDF 33KB)

Restoring confidence and balance
COAG reform process and reform agenda
Conclusion and recommendations

Appendix 1 - Submissions received (PDF 7KB)
Appendix 2 - Public Hearing (PDF 9KB)

Monday 22 October 2012

For further information, contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3583
Fax: +61 2 6277 5719