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B is a director of Company S, told her assistant to file the IP for the IP product of the company but did not follow
B is a director of Company S, told her assistant to file the IP for the IP product of the company but did not follow up on the IP registration. The assistant in the meantime registered the IP in her own name and set up her own company. As a result, Company S has lost $10 mil dollars.
Discuss B and the assistant's possible consequences under Australian Corporations Act.
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