High Court to clarify meaning of ‘officer’ under Corporations Act

Appeals 2019-05-21 2:46 pm By Cat Fredenburgh | Melbourne

The High Court has granted ASIC special leave to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially off the hook for $147.5 million in misappropriated funds, after ASIC argued the High Court should intervene to clarify the scope of the word “officer” under the Corporations Act.