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This assignment focuses on analysing Corporation Act 2001 in Australia. Based on given scenario it has been evaluated that each of the questions is going to be evaluated. It has been analysed at preliminary stage that Red is CEO of Promo People Pty Ltd who owns 80% of company share and Blue mere employee if this company holds 5% of company share. Callie and Marie have recently hired Promo People hence, Blue and Red both have signed two different contracts with Calamari Music. First contract has been done by Blue with Calamari Music and second contract is made with Red. However, rise of little confusion could be seen in this scenario which is to be solved with legal references and similar case laws in further sections

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