Bayly to modernise Companies Act amid directors’ duties review
Commerce and Consumer Affairs Minister says businesspeople need to be encouraged to take prudent risk.
WATCH: Commerce and Consumer Affairs Minister Andrew Bayly (right) speaks with Brent Edwards.
Commerce and Consumer Affairs Minister Andrew Bayly is introducing a package of reforms to modernise the “30 years out of date” Companies Act, ahead of a review of the oft-criticised directors’ duties legislation.
Bayly announced today the Government’s plan to phase in improvements to the
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