In February 2021, the directors of Chance Ltd have decided to pursue the business of design and sell luxury belts in order to make more profits, instead of only selling luxury bags. Chance Ltd has already sold some belts to customers and so far, none of the shareholders are unhappy about this decision.

With reference to the relevant sections of the Corporations Act 2001 (Cth) and case law if any, please discuss this scenario using the 4-step process, whether Chance Ltd needs to change the objects clause in order to pursue the business of selling belts.

Does your answer change if the shareholders are unhappy about the decision of selling belts, instead of bags?