Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question information: Septimus was the seventh born child in his family; that is why he was called Septimus - which comes from the Latin word

question information:

Septimus was the seventh born child in his family; that is why he was called Septimus - which comes from the Latin word for 'seventh.' Despite the fact he had a numerical name, Septimus hated Hip Hop artists because so many of them appeared to be named after numbers (eg 50 Cent).

Because of his love of classical music, Septimus worked in the record indust1y as a company director for a recording company, My Masters Voice Ltd (or MMV Ltd). MMV Ltd specialized in recording classical music with a twist ( eg electric violin artists).

October 2013 proved to be a newsworthy month for Septimus and MMV. First, Septimus received a confidential report that MMV was going to merge with the leading recording company on earth, Mowertown. On hearing that news, Septimus purchased further shares in MMV and Mower-town.He purchased these shares in his own name. Secondly, at a Halloween party, one of the artists who records with MMV said to Septimus: "I'm really happy, the motor company my dad works for - Four Wheels are Better than None Ltd - is about to be cleared by a government enquiry - it turns out their quad-bike wasn't designed badly, after all. But please do not tell anyone I told you." Septimus subsequently bought shares in Four Wheels are Better than None. Finally, Septimus read an article in the No Idea Magazine that said smart investors were now buying shares in garden supply companies. Septimus went out and bought gardening shares.

question:

Imagine the above facts slightly change. First, instead of buying shares in Mower-town in his own name, Septimus instructs his accountant to buy the shares using a family company. Might that change the sections under which ASIC prosecutes Septimus? Why?

reference Wk. 7 - 5 April - Further duties and members rights(learn.jcu.edu.au/bx2112/2022)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions

Question

Are there professional development opportunities?

Answered: 1 week ago