(a) Corporations Act 2001 (Cth)

(b) Sections 180, 181 and 182:
- s 180 (care and diligence): directors must exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise if they were a director of a corporation in the corporation's circumstances.
- s 181 (good faith): directors must exercise their powers and discharge their duties in good faith in the best interests of the corporation and for a proper purpose.
- s 182 (improper use of position): a director must not improperly use their position to gain an advantage for themselves or someone else, or to cause detriment to the corporation.

(c) Section 588G: a director must not allow the company to incur a debt if the company is insolvent or would become insolvent by incurring the debt, and there are reasonable grounds for suspecting that the company is insolvent (or would become insolvent).