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Insight

How many Acts expose a Company Director?

By Michael Giansiracusa on

As a company director you should be aware of how many Acts expose you to personal and or corporate liabilities.

There are 13 Australian Acts that companies must comply with*, including but not limited to;

  • The Corporations Act 2001
  • Competition & Consumer Act 2010
  • The Income Tax Assessment Act 1997
  • A new Tax System (Goods and Services Tax) Act 1999
  • Environmental Protection Legislation
  • Privacy & Data Protection Acts
  • Age Discrimination Act 2004
  • Disability Discrimination Act 1992
  • Human Rights & Equal Opportunity Commission Act 1986
  • Racial Discrimination Act 1975
  • Sex Discrimination Act 1984
  • Workplace Relations Amendment Act 2008
  • Workplace Relations Act 1996 and Workplace Relations Regulations 2006

*Source: It May Happen To Me! The Essential Guide to General Insurance – Dr Allan Manning

Could your business afford to defend personal and or corporate liabilities should you unintentionally breach one or several of the above Acts?

There is a solution: Management Liability Insurance.

Management Liability Insurance is designed to provide a company and its directors and officers, protection against the risks of managing a business.

If you own or are involved in the management of a company, you carry specific responsibilities. You may be held personally liable for any alleged or actual wrong doing as a director, officer or owner of a company.

Broadly speaking, Management Liability Insurance includes the following policy sections:


If you would like to speaker to broker about Management Liability please contact our team of commercial insurance specialists on 1300 424 627.


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This insight article is not intended to be personal advice and you should not rely on it as a substitute for any form of personal advice.  Please contact Whitbread Associates Pty Ltd ABN 69 005 490 228 Licence Number: 229092 trading as Whitbread Insurance Brokers for further information or refer to our website.

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