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Reverberations after the HIH and other recent Australian corporate collapses: the role of ASIC du Plessis, Jean J. 2003, Reverberations after the HIH and other recent Australian corporate collapses: the role of ASIC, Australian journal of corporate law, vol. 15, pp. 225-245. Attached Files Name Description MIMEType Size Downloads dupessis-reverberationsafter-2003.pdf Published version application/pdf 1.95MB 159 Title Reverberations after the HIH and other recent Australian corporate collapses: the role of ASIC Author(s) du Plessis, Jean J. Journal name Australian journal of corporate law Volume number 15 Start page 225 End page 245 Publisher Centre for National Corporate Law Research, University of Canberra Place of publication Belconnen, A.C.T. Publication date 2003-06 ISSN 1037-4124 Keyword(s) corporate law Summary This article focuses on some of the litigation and other developments following the recent spate of corporate collapses in Australia. It gives a basic background to abuses of the 1980s, followed by a short description of some of ASIC's statutory powers. The remaining parts of the article focus on the role ASIC played in instituting actions against the directors of some of the collapsed corporations and in particular what ASIC seeks to achieve with high profile litigation. The article concludes that there is no doubt that in the aftermath of these massive corporate collapses ASIC fulfilled its role as the primary Australian corporate regulator with assiduousness. However, it also draws attention to the fact that the challenges for ASIC now will be to play a far more active role in assuring that signs of corporate collapses are detected at the earliest possible juncture. This will probably mean that ASIC's focus will have to be more and more on monitoring companies, rather than on its role as regulator and enforcer in the strict sense of the word. Language eng Field of Research 180109 Corporations and Associations Law Socio Economic Objective 970118 Expanding Knowledge in Law and Legal Studies HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2003, University of Canberra, Centre for National Corporate Law Research (and) LexisNexis Persistent URL http://hdl.handle.net/10536/DRO/DU:30002074 Document type: Journal Article Collections: School of Law Open Access Collection Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Fri, 27 Feb 2009, 08:13:30 EST Wed, 03 Jun 2009, 16:11:14 EST Fri, 21 May 2010, 11:55:15 EST Mon, 04 Jun 2012, 16:12:26 EST Mon, 04 Jun 2012, 16:14:10 EST Fri, 05 Oct 2012, 15:00:24 EST Filtered Full Access Statistics: 835 Abstract Views, 159 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 08:14:35 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.