Under s 56AD(8) of the Queensland Building Services Authority Act 1991, an individual who placed full reliance on a co-director for financial management of a company is not thereby precluded from satisfying the 'all reasonable steps' test for categorisation as a permitted individual. The reasonableness of such reliance must be assessed by reference to the circumstances, including the conduct of the person relied upon in engendering trust. Corporations law concepts concerning directors' reliance on co-directors are relevant but not conclusive of the statutory test. The conduct of the person relied upon, including deliberate concealment or fraud, is a legitimate consideration in assessing reasonableness.
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