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Georgie the director of IT Ltd, assigned property of the company to 3 rd party, to settle a personal debt. Pennywise, the company's accountant, devised

Georgie the director of IT Ltd, assigned property of the company to 3rdparty, to settle a personal debt. Pennywise, the company's accountant, devised and implemented aschemeto assist Georgie to undertake this assignment.

Is Pennywise liable for his action under section 79 of theCorporations Act?

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