GoGoBeach Pty Ltd$,$ a successful beachfront property development company led by CEO and majority shareholder Jackson Morse, is exploring expansion into forest resort development. Jackson, considering retirement, wants to involve his son, Oliver, in the business. Oliver, a graphic designer at GoGoBeach, is tasked with investigating and acquiring a forest property owned by Perfect Pines Ltd$.$ Eager to emulate his father's 'get up and go$\text{'}$ attitude, Oliver swiftly secures a deal with Perfect Pines Ltd$,$ envisioning a profitable resort.

However, during the planning approval process, an environmental sustainability report reveals the land is an endangered bird habitat, hindering development approval. Gigi, a minority shareholder, learns about the substantial amount paid for the property, which now seems valueless due to environmental constraints. Feeling upset and uncertain, Gigi suspects Jackson and$/$or Oliver may be liable for the financial loss incurred by the company. Advise Gigi in respect of the following matters:

$1.$ Explain $-$

$$ whether Jackson has breached any directors$$ and officers$$ duties under the Corporations Act $2001($Cth$),$ and if so$,$

$$ whether there are any defences available in respect of his conduct;

$$ the consequences that could result from a breach of these statutory obligations.