The commission also found the skipper was effectively working alone in a high-risk situation with few or no defences to prevent the one-person errors that resulted in the grounding.
After the accident, the company took measures to address the gap in its safety management systems.
The key lesson, according to the commission, was to ensure adequate measures were in place to minimise the risk of one-person errors when skippers were operating vessels alone in high-risk situations.
Brampton Reef, also known as Brampton Shoal or Brampton Bank, is the remnants of a lava flow which takes its name from the ship which "discovered" the then-uncharted reef in 1823.
The Brampton had arrived a few weeks earlier with missionaries Henry and Marianne Williams and was on its way back to Sydney when it ran aground.
The 28 passengers on board included the Rev Samuel Marsden. Luggage, provisions and timber were salvaged before the ship broke up days later.