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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