Corporations, Director’s Duties, Insolvency, Governance failures, tax-driven schemes, independent oversight Legal Liaison Ltd t/as Clean Law Corporations, Director’s Duties, Insolvency, Governance failures, tax-driven schemes, independent oversight Legal Liaison Ltd t/as Clean Law

When Tax Schemes Become Directors’ Duties Risks: Lessons from BCI Finances Pty Ltd (in liq) v Binetter (No 4) [2016] FCA 1351

A complex tax-avoidance scheme triggered massive liabilities after directors failed to question conflicted decisions. Independent role separation helps prevent similar governance failures.

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