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Directors of the company must make good faith judgements for proper purposes according to the Corporations Act of 2001. They are also responsible for disclosing the state of the company if performance is poor. Auditors must be independent with no conflicts of interest, as outlined in the Corporations Act. As a large proprietary company, they must file annual financial reports and directors' reports with the Australian Securities and Investment Commission. These reporting requirements aim to increase transparency and protect shareholders.
Directors of the company must make good faith judgements for proper purposes according to the Corporations Act of 2001. They are also responsible for disclosing the state of the company if p…