Read the two questions below on Corporations Law

A minimum of 3 genuine and relevant Australian legal references are required for this part of the report. Examples of relevant references for this question include the Corporations Act 2001 (Cth); the Australian and Securities and Investment Commission's (ASIC) website (www.asic.gov.au), the website of the Australian Business Register's (ABR) website (www.abr.gov.au).

The full citations for all sources cited in your answer must be listed in a Reference list at the end of your report.

In addition, any online sources cited in your answer and listed in your Reference List must include a valid hyperlink that allows access to the full text of the source.

Part C - Q2) Company incorporation and its effects (10 marks) Required:

Explain what is meant by the term 'corporate veil'. In what circumstance will Australian courts lift the 'Corporate veil'? Cite relevant legal cases.