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.

With reference to the above statement (I feel this relates to members being 'granted leave' in a greater capacity than to directors), case law and corporations legisliation answer the following:

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

(b) Do the expressions 'best interest of the company' and 'in the interest of the company as a whole' mean the same thing?