The efficacy of civil penalty sanctions under the Australian Corporations Law / George Gilligan, Helen Bird and Ian Ramsay.

Canberra : Australian Institute of Criminology, 1999.

20566

Corporation law -- Australia.

Directors of corporations -- Australia.

Although civil penalties for the enforcement of directors' duties have been available to Australia securities regulators since 1993, they are rarely used. The authors identify four reasons for these developments, including resource constraints, relations with other regulatory agencies, availability of alternative sanctions, and concerns about the utility of civil penalties. - Publisher's website.

0642241295

6 p.