(a) Advise ASIC whether any legal action can be taken against Peter under the Corporations Act 2001 (Cth) other than arising out of insolvent trading and, if so, the potential consequences of such legal action. (9 marks) And (b) Advise Mei as to her potential liability for insolvent trading, and the potential consequences if she is found to have breached the insolvent trading provisions. Your answer must make reference to the relevant provisions of the Corporations Act 2001 (Cth) and precedents. (6 marks) ../please see over for Question 4