This defence can only be made out in the narrowest of circumstances such as the illness of a director or the director being away from work for a short time.
This defence used to be used to protect spouses however the Supreme Court of New South Wales has said "there is a core, ireducible requirement of involvement in the management of a company by a director"
In other words, if you are a director, you have responsibilities that must be fulfilled.
Liquidation Experts, Liquidation and Bankruptcy Specialists, Liquidators Registered with ASIC, Bankruptcy Trustees Registered with ITSA, Insolvency and Liquidation Advice, All forms of corporate and personal insolvency, Liquidation throughout Australia, Part IX Debt Agreements, Part X Personal Insolvency Agreement, Bankruptcy Experts.