Since 1 July 2002 Australian Securities and Investment Commission has increased the number of prosecutions of people and companies for a variety of alleged breaches of the Corporations Act. ASIC have stated that reasons for increasing prosecutions include improving the quality of information available to the public, shareholders and members or officers of Australian companies; assisting external administrators to address ongoing misconduct by company officers and discouraging the misuse of ASIC’s public database and preventing disqualified directors from managing companies. ASIC have focused on prosecuting those:
As the potential sanctions for non-compliance are becoming stricter, our team has developed an extensive understanding of corporate regulatory authorities, helping us to comprehend the regulators’ priorities and concerns and to work cooperatively to find practical solutions for our clients. These matters can be complex and sensitive, and raise significant reputational risks for companies and individuals, as well as exposure to possible civil, criminal and administrative sanctions.
Our team at Ramsden Lawyers can assist you to navigate your business through these issues by:
At Ramsden Lawyers we believe that staying proactive in regards to new rules and regulations allows us to identify issues before they become a reality, providing all entities the benefits of minimal future legal and financial risks; increased visibility on the current compliance state of the organisation; saving time and costs associated with non-compliance including those imposed by ASIC that could negatively impact the entire organisation and provide a sense of security in the company’s operations and transactions.
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