Question 9 Shark Ltd was running a financial business that involved two departments: onedepartment insured risky loans, while the other department lent money. In September2131212, Shark Ltd received a report from its financial adviser that noted that its insurancedepartments may suffer a huge loss due to rising claims. The report was correct andShark Ltd ended up paying a number of claims worth $10 million. In February 2003,Shark Ltd registered Safe Pty Ltd. The new company was a wholly owned subsidiary ofShark Ltd. (see Corporations Act for definition). Shark transferred its insurance