INFO 175
Misconduct within a company when an insolvency practitioner has been appointed
This is Information Sheet 175 (INFO 175). What is misconduct within a company?.
In plain English
INFO 175 explains what actions are considered misconduct when an insolvency practitioner is managing a company.
INFO 175, from ASIC, clarifies misconduct when an insolvency practitioner is appointed. It applies to directors, officers, and employees of companies under administration or liquidation. It outlines actions that can be reported as misconduct. This information sheet does not state a commencement or revision date.
Why it matters
Directors and officers need to understand their responsibilities during insolvency. This guidance helps identify actions that could be reported to ASIC, protecting creditors and maintaining corporate integrity.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/about-asic/contact-us/reporting-misconduct-to-asic/misconduct-within-a-company-when-an-insolvency-practitioner-has-been-appointed/. Rules Mate indexes + summarises; always verify against the regulator's live publication.