The shareholders do not have ownership of the assets of a company. However, they are considered to have an interest in those assets. 

Directors can be personally legally liable for their actions and, in some cases, the debts of the company; for example, unpaid PAYG withholding and super guarantee contribution amounts. Directors can also be imprisoned for unlawful activity by a company. 

The money a company earns belongs to the company, not the individuals who own the company. Any property owned by a company is owned by the company as a whole. It does not belong to any one individual in that company.