Rita, a mergers and take-overs specialist, is engaged by Organic Gelatos Pty Ltd, the largest gelato chain in Melbourne. Rita is asked to analyse the viability of Organic Gelatos Pty Ltd's proposed take-over of Sip Up Icecream Pty Ltd, a business based on the Mornington Peninsula. After her investigations, Rita concludes that the take-over bid offers good prospects, considering the tourism market on the Mornington Peninsula. Rita recommends that Organic Gelatos Pty Ltd make an offer to buy Sip Up’s shares for $5 per share. Sip Up’s shares are currently trading for $1 per share. Rita tells her husband Jolly about the takeover bid. The next day, Jolly buys shares of Sip Up worth $5,000, and now stands to make a significant profit when the take-over goes ahead. Which amongst the following options is CORRECT? Select one: a. Rita may be liable for breaching the Corporations Act 2001 (Cth) s 182. b. Rita may be liable for breaching both the Corporations Act 2001 (Cth) ss 182 and 183. c. Rita may be liable for breaching the prohibition on insider trading, under the Corporations Act 2001 (Cth). d. Rita may be liable for breaching the Corporations Act 2001 (Cth) s 183.

Question 1BeeUTee Pty Ltd operates an online retail business, through which consumers can purchase beautyproducts and arrange beauty treatments online. LipStick Pty Ltd is smaller online beauty businessthat was founded 15 years ago by Lady Lydia, a well-known and flamboyant hairdresser.In February this year, BeeUTee approached Lady Lydia, to see if Lady Lydia is interested in sellingLipStick. LipStick and BeUTee sign a confidentiality agreement to allow BeeUTee the opportunity toconduct due diligence and make an offer.Between March and April, BeeUTee conducted a due diligence analysis of the BeeUTee business anddiscovered the following:• LipStick did not spend very much money on IT security and turned off that security measuresit had for three weeks in early December each year. The Christmas holiday season was thebusiest period of the year for LipStick, and the security measures slowed the website,annoying customers.• In December last year, an unknown person had somehow copied the whole customer list,including name, email address, mailing address and yearly betting turnover of everycustomer.• This unknown person had somehow obtained user admin log in credentials. The User Idused was ADMIN and the password for this account was SUNSHINE321. This password wasset in October 2019, and was not changed until January 2022.• When Lady Lydia was told about the above, she said to forget about it, don’t carry out anyfurther investigations, and not to tell anyone. Lady Lydia said it was probably a computerscience student doing the hack as part of an assignment.LAWS3100_2024_S1_Tutorial Programme• There is no evidence that the customer list was used by anyone or that the incident causedany detriment to LipStick or that the customer list was being offered for sale on the darkweb.Prior to the sale, was LipStick in compliance with the Australian Privacy Principles? What are the risksfor BeeUTee of going ahead with the sale?

Rebecca Siddoway owns and operates Country Candies. Siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. What would her first step be if she decided to incorporate her business to make it easier to find investors?Question 17Answera.to sell stock to her customersb.to patent her productsc.to elect a board of directorsd.to hold an organizational meeting with shareholderse.to write the articles of incorporation

Golden Pineapples Pty Ltd had the following assets and liabilities at financial year end: 31 December 201931 December 2020$$Assets    Cash on hand72,30063,800Accounts receivable69,20061,900Inventory83,70067,300Buildings and equipment (net)331,300370,500Liabilities and equityAccounts payable55,70045,000Dividends payable15,80031,400Income tax payable23,90031,200Bank loan208,500164,000Share capital209,200231,900Retained earnings??a. Prepare the balance sheet for Golden Pineapples Pty Ltd as at 31 December 2020. Important:Enter amounts without dollar sign, minus sign or thousands separators, i.e. $46,000 should be written as 46000.

Tutorial 5Building on content from Lecture 5 (Restrictions on Member Decision-Making andDirectors and Other Officers)ReadingsHargovan, Chapters 14 and 19.1-19.4TasksQuestion 1Pets Pty Ltd (Pets) operates a business selling pet products (dog and cat food, kitty litter, leashes,etc) all around Australia.Pets is owned by Merve, Silvia, Roger and Oliver. Merve and Silvia together own 75% of the sharesand are Managing Director and Company Secretary respectively. Roger and Oliver own 25% of theremaining shares between them.Although they are minority shareholders, Roger and Oliver like to be informed about everything thatis happening in the business. As they have indicated that they might like to invest more money inPets, Merve and Silvia have indulged them by discussing company matters that are not within theirpower as shareholders.However, this practice has become very time consuming, especially because Merve and Silvia andRoger and Oliver disagree about many things. For example, Merve and Silvia are convinced that Petsneeds to capitalise on the new interest in pet ownership by purchasing a dog kennel that breeds pugdogs. Roger and Oliver are opposed to buying that business on grounds that it is a puppy farm. Thereis an acrimonious discussion about the topic, one of many.Merve and Silvia have recently met Brandy, who runs a small private equity business. She seespotential in Pets and has offered to refinance Pets. Specifically, she has offered to provide enoughmoney to Pets to buy out Roger and Oliver’s share of the capital and purchase the dog kennel.However, Roger and Oliver don’t want to sell their shares.Merve and Silvia wonder whether they can pass a resolution to change the constitution to forceRoger and Oliver to sell their shares to them (Merve and Silvia). They tell you that there is a‘desperate need to harmonise relationships between the shareholders and management’ and thatthey would be willing to Roger and Oliver 75% of the estimated market price, as calculated by thecompany accountant. Considering the equitable limit on minority voting power, is the constitutionalamendment within Merve and Silvia’s power? Explain your answer

Auto Pilot, a commercial drone company, is attempting to acquire Eddie’s Plastics, an eco-plastic manufacturer. However, Eddie’s Plastics does not want to be taken over, so it issues a poison pill to try to head off the hostile takeover attempt. What does this entail?Multiple Choicefiring its board of directors for incompetenceallowing stockholders to buy shares of stock at prices lower than the market valuefiring the entire executive committeerequiring a majority of stockholders to approve the takeoverfiling a lawsuit to avoid the takeover