Question
Marcia is an entrepreneurial 17-year-old with abusy window cleaning business. She is studying for a commerce degree. She wants to incorporate her business. She wants
Marcia is an entrepreneurial 17-year-old with abusy window cleaning business. She is studying for a commerce degree. She wants to incorporate her business. She wants to become an employee of the business so that she can be covered by workers' compensation and superannuation. She completes the registration documents for a proprietary company. She uses her own name as the soledirector/shareholder butfalsifiesherdateofbirth(showingsheis19 yearsold). ASIC subsequently registers the company,having no knowledge of the fraud. If the fraud were discovered what could ASIC do about the company?
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