Legal obligations


Under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) independent directors have the same duties and obligations as member directors. These include:

  • duty of care and diligence
  • duty of good faith
  • duty to not improperly use position or information
  • duty to disclose material personal interests
  • duty to not trade while insolvent.


You can read a fact sheet about duties of directors.

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