PART III: Equitable Protection
Latest update: 2010-Feb-16
SWEET & MAXWELL
© Sweet & Maxwell Ltd.
All rights reserved.

web site powered by Nasstar
© Nasstar Ltd
Chapter 7: Fiduciaries
7-31

NOTE 6.  Add: Australian Securities and Investments Commission v Citigroup Global Markets Australia Pty Ltd (ACN 113 114 832) (No. 4) [2007] FCA 963 at [278]-[280].

NOTE 8.  Add: "A person occupying a fiduciary position will be absolved from liability for what would otherwise be a breach of duty by obtaining a fully informed consent": Australian Securities and Investments Commission v Citigroup Global Markets Australia Pty Ltd (ACN 113 114 832) (No. 4) [2007] FCA 963 at [293].

ADD AT END OF PARAGRAPH: For company directors, see now s.175(4)-(6) and s.180, Companies Act 2006, which stands in place of the pre-existing rules.