A director of a company in Australia is bound by duties prescribed for directors under both the common law and the Corporations Act. s185 of the Corporations Act preserves the applicability of the common law duties, reinforcing that it does not lessen, impair or detract from the structure of the law that has been established through precedent in the area of directors’ duties. The statutory duties contained in ss180-183 are additional to and stand free of any equitable or common law duties that apply to a director. In other words they exist side by side. The common law rules themselves as well as their underlying rationale are therefore to be used to interpret the statutory provisions. The remedies that will be available for a breach of such duties will depend on whether it is a common law or statutory duty that is allegedly breached, and where they overlap either may be pleaded alternatively as the elements required to prove the respective statutory and common law duties may differ.