New Australian Law Impacts Directors and Officers
A new Australian law, the Occupational Health and Safety and Other Legislation Amendment Act 2021, introduces new restrictions for directors and officers. | Aon
U.S. companies with operations in Australia should be aware of a new Australian law, the Occupational Health and Safety and Other Legislation Amendment Act 2021, which introduces new restrictions and harsher penalties for directors and officers. Officers of a subsidiary with a U.S. parent will not be able to turn to the U.S. parent company’s D&O policy for coverage of an officer’s penalties.