Sladen Thoughts
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Personal Liability of Directors for Misleading and Deceptive Conduct in Property Transactions
This case examines the conduct of two directors who made misleading and deceptive future representations about the timeframe and expected profits of an investment project to potential investors and illustrates the standards of evidence and documentation needed to demonstrate a reasonable basis for such representations.
ASIC warns real estate industry about recommending property investment through SMSFs
The Australian Securities and Investments Commission (ASIC) has released a warning to the real estate industry regarding recommending self-managed superannuation funds (SMSFs) as an investment vehicle to acquire real property.