Many Directors know how to play the system as the system is complex and can be subject to interpretation.
Then when the regulations aren`t enforced as they should, the system is played.
Minor breaches of the Corporations Act go uncontested and the bold and/or plainly stupid repeat breaches with abandon and use company structures to hide the trail.
In your example above I would start with following the money or benefit trail from the very beginning.
Research is vital.
In PDF`s case we found a current director who has 4 different dates of birth and born in 2 states. Just so happens that all these identities leave at the same address in Cheltenham, Victoria.
I guess he is lucky humanity has moved on from public stoning to just facing the Music.
IMO DYOR
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
