LEGL201 Company Law

The purpose of the assignment is to give students the opportunity to demonstrate the ability to research an area of business law

“The directors are intelligent, experienced and conscientious people. In the light of significance of the matters that they knew, they could not have, nor should have, certified the truth and fairness of the financial statements, and published the annual reports in the absence of the disclosure of those significant matters.” Middleton J, ASIC v Healey (2011) 196 FCR 291.

Discuss the above quotation in the context of the Federal Court’s decision in ASIC v Healey (Centro decision), as well as other relevant cases that you have studied in class.

(1) The Centro decision (ASIC v Healey (2011) 196 FCR 291) has been summarised in the textbook on pages 529-530.

(2) a summary of the judge’s decision (middleton j) is attached with this assignment.