AUSTRALIA - With reference to relevant legal principles using the IRAC legal problem solving approach to determine whether Johan can: a. sue Kendra for professional negligence or b. sue Goldenfuture Pty Ltd for negligence. Please support your conclusion with relevant case law and/or legislation.

Kendra is a financial advisor employed by Goldenfuture Pty Ltd. Johan has recently inherited a sum of money which he wishes to safely invest. Johan has become a client of Goldenfuture and Kendra has been appointed as his advisor. Johan clearly instructs Kendra to make low risk, long term gain investments, and not to make any high risk investments. Kendra advised Johan to invest in Rocksteady Ltd. Kendra reassures Johan by stating Rocksteady Ltd has a long history of stability and conservative growth and is a safe investment. Johan accepts Kendra's advice and invests all his inheritance with Rocksteady Ltd. Six months later, Johan is informed Rocksteady Ltd has failed and gone into liquidation and he has lost his entire investment. On making enquires, Johan discovers Kendra had used old, out of date and incorrect information as her basis for advising Johan to invest in Rocksteady Ltd.