INFO 42
Insolvency for directors
Find out more about how personal bankruptcy and the liquidation of a company can interact (PDF 386 KB). This is Information Sheet 42 (INFO 42).
In plain English
This guide explains how personal bankruptcy and company liquidation can affect company directors.
ASIC’s INFO 42 is for company directors. It explains the interaction between personal bankruptcy and company liquidation. It is Information Sheet 42. The guide does not state a commencement or revision date.
Why it matters
Directors need to understand their responsibilities when a company faces liquidation. This guide clarifies potential personal implications, helping directors navigate complex situations and fulfil their duties.
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/regulatory-resources/insolvency/insolvency-for-directors/. Rules Mate indexes + summarises; always verify against the regulator's live publication.