“Increasingly over the last 30 years, the development of complex corporate groups has facilitated the opportunity to move assets between companies in that group. The main issue with corporate groups is that they operate, very often, as an integrated single entity, despite the fact that they are composed of many different individual companies. Of course, different companies within a corporate group will have different creditors whose separate interests deserve protection.”
Explain how Australian Corporations Law deals with corporate groups in the context of the doctrine of the separate legal entity of a corporation.
This question belongs to business and company law and discusses about how Australian Corporations Law deals with corporate groups in the context of the doctrine of the separate legal entity of a corporation.
Total word count: 2305
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