Source: https://asic.gov.au/for-business/ru...your-company-and-the-law/#dishonest-directors
What happens to dishonest directors?
Courts can impose heavy fines for breaches of the Corporations Act 2001 and even have the ability to send officeholders to prison.
As the corporate regulator, we investigate companies and directors for any potential corporate crimes. If you suspect an officeholder of dishonest conduct, you can report them to us.
