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.