Ann: Change in substantial holding, page-48

This article ignores a few facts

Most of the cost of litigation will come from the Director's insurers
The cost to the insurer will mean that they will demand higher premiums from Directors who have failed in their responsibilities, making it more difficult for them to hold similar positions in future
Action of this kind puts greater pressure on ASIC to act against Directors who fail in their responsibilities
Actions like this also act as a warning to (and hopefully deters) other Directors in other companies

I signed up. The article is correct in that I will see little or no return compared to the loss that I have suffered as a result of a lack of disclosure. What I am hoping for is a little more accountability.