Q3. a) Explain the meaning of insolvency under the Corporations Act 2001. b) When can a...

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Q3. a) Explain the meaning of insolvency under the Corporations Act 2001. b) When can a statutory demand be served? (2 Marks) (4 Marks) c) Discuss two effects of a company being under administration. (4 Marks) Q3. a) Explain the meaning of insolvency under the Corporations Act 2001. b) When can a statutory demand be served? (2 Marks) (4 Marks) c) Discuss two effects of a company being under administration. (4 Marks)