main business of Builder Ltd was real estate development. Builder Ltd had 5 directors. Maria was

Builder Ltd's managing director. At a board meeting of Builder Ltd a year ago, Maria presented the

proposal for the board's consideration: 'Builder Ltd should purchase a prime property located in

Wollongong CBD for purposes of building a new shopping mall." Maria knew that Western Construction

Ltd, a competitor of Builder Ltd was also interested in buying the same property. Western Construction Ltd

approached Maria and offered her an all-expenses -paid trip to Europe and $150000 if she made sure that

Builder Ltd made a low offer for the prime property I Wollongong.

Maria prepared an appraisal report on the value of the prime property in Wollongong using outdate data, and

convinced the directors of Builder ltd to make an unrealistic low offer for the prime property. The offer was

rejected by the owner of the property who ultimately sold it to Western Construction.

(a) Has Maria contravened the Corportion Act 2001(Cth) Please explain why and why not.

(b) If the law has been contravened, what actions can be brought against maria and by whom?