Corporate finance/reporting/disclosure; Corporate liability

1.Is SAFPL required to prepare financial reports? Have those reports been audited? Have those reports been lodged with ASIC? Give reasons for your answer. See [17-001], [17-300]-[17-320], s45A of the Corporations Act and Table 17.2. What type of private company is SAFPL? What duties flow from this?

2.AMGL is a listed public company. What special requirements apply to the annual report of a listed company that do not apply to unlisted companies? See [17-300] and ss299A, 300A, 302-306 and 320 of the Corporations Act

3.JV Investor is in some financial difficulty as a result of the problems with the blockchain project. Nevertheless the two shareholders, AMGL and Blue, are hoping to receive a dividend. Although JV Investor did not make a profit in the financial year, its directors decide to pay a dividend of $0.04 per share.Is this allowed?If JV Investor becomes insolvent, what are the consequences for its directors? See [20-220]-[20-240] and s254T & 588G(1A) Corporations Act.

4.SAFPL has been considering buying a major new piece of feeding machinery for the sheep. The machinery costs $5 million. SAFPL's Board of Directors has not yet made a final decision. Would a contract to buy the machinery be enforceable by the machinery manufacturer if the contract was executed:

a.By being signed by David Henry for and on behalf of SAFPL?

b.By being signed by Nick Henry for and on behalf of SAFPL?

c.By the SAFPL common seal being fixed in the presence of, and witnessed by, Nick Henry and Patricia Henry?

d.By being signed by Nick Henry and Patricia Henry?

e.By being signed by David Henry and his dentist Richard Prais (Richard does not work for SAFPL)?

See [23-200]-[23-400], [23-490], [23-590] and ss127 & 129 of the Corporations Act.