A member who willingly participates in a corporate restructure on professional advice cannot characterise the restructure as oppressive under s 232 of the Corporations Act merely because the resultant financial position is disadvantageous, particularly where the disadvantage flows from the member's own neglect of their interests and personal circumstances (such as marriage breakdown) rather than from the conduct of the company's affairs. Financial detriment arising from family arrangements associated with a restructure is properly addressed through Family Court proceedings, not oppression remedies under the Corporations Act.
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