1.For many years, SAFPL has had a transport and logistics contract with a company called BigTrucks. That contract is due for renegotiation. Peter O'Donnell, who is a director of SAFPL, owns RiverTrans Pty Ltd. He would like RiverTrans to tender for SAFPL's transport and logistics business. Advise Peter and the SAFPL board on what is required when a company controlled by a director of a proprietary company enters into a contract with that company.