Quote Originally Posted by jamesbrown View Post
I wouldn’t call it fraud, more like ignorance. Some fraction of directors will get caught out by their own ignorance, whether by preference payments or misfeasance or ultra vires dividends or something else. It remains to be seen how aggressive the gov’t will be too. Just make sure you understand your responsibilities when taking a BBL and you’ll be fine if the business subsequently proves non-viable.
That's fair and never know who reads these threads so probably good you pointed that out.