ARTICLE
12 November 2013

New legislation reduces the liability of directors and officers in Queensland

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Cooper Grace Ward

Contributor

Established in 1980, Cooper Grace Ward is a leading independent law firm in Brisbane with over 20 partners and 200 team members. They offer a wide range of commercial legal services with a focus on corporate, commercial, property, litigation, insurance, tax, and family law. Their specialized team works across various industries, providing exceptional client service and fostering a strong team culture.
On 26 October 2013, the Queensland Parliament passed the Directors' Liability Reform Amendment Act.
Australia Corporate/Commercial Law

On 26 October 2013, the Queensland Parliament passed the Directors' Liability Reform Amendment Act to give effect to its promise to introduce legislation to reduce the liability of directors and officers in Queensland. The Act took effect on 1 November 2013.

In this video update, Cooper Grace Ward partner David Grace discusses the main effects of the legislation as well as who is likely to be affected.

Winner – EOWA Employer of Choice for Women Citation 2009, 2010, 2011 and 2012
Winner – ALB Gold Employer of Choice 2011 and 2012
Finalist – ALB Australasian Law Awards 2008, 2010, 2011 and 2012 (Best Brisbane Firm)
Winner – BRW Client Choice Awards 2009 and 2010 - Best Australian Law Firm (revenue less than $50m)

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