In a proceeding on behalf of a company the terms good faith and in the best interests of the company are used to authorise a Court to grant an application.

Required

With reference to the above statement, case law and the Corporations legislation answer the following:

What do the terms good faith and 'best interests of the company' mean as they are used in the Corporations Act 2001 (Cth)?

Do the expressions 'best interests of the company' and in the interests of the company as a whole mean the same thing?