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The purpose of S. 129 (1) of the Corporations Act 2001 is to protect the directors of corporations from liability for losses suffered by beneficiaries
The purpose of S. 129 (1) of the Corporations Act 2001 is to protect the directors of corporations from liability for losses suffered by beneficiaries as a result of the violation of any company rule. The protection afforded by S. 129 (1) of the Corporations Act 2001 is subject to the provisions of S. 129 (2) of the Corporations Act 2001.
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