PART A

With reference to the cases of Tesco Supermarkets Ltd v Nattrass[1972] AC 153 and Brambles Holdings Ltd v Carey(1976) 15 SASR 270explain the concept of a company's 'directing mind and will' and in what circumstances an individual may be considered part of a company's directing mind and will.

Guide -

Store managers, person who is responsible for undertaking these activities. How do we make such people accountable for their actions?

Part B

With reference to specific sections of the Corporations Act 2001(Cth), explain the difference between a company limited by shares and a company limited by guarantee.

Guide - to use the specific sections of the corporation act 2001 to explain the difference.