Window cleaning business, Marcia is an entrepreneurial

Window cleaning business

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Reference no: EM134008272

Question

Marcia is an entrepreneurial 17-year-old with a busy window cleaning business. She is studying for a commerce degree. She wants to incorporate her business. She wants to become an employee of the business so that she can be covered by workers' compensation and superannuation. She completes the registration documents for a proprietary company. She uses her own name as the sole director/shareholder but falsifies her date of birth (showing she is 19 years old).

ASIC subsequently registers the company,having no knowledge of the fraud. If the fraud were discovered what could ASIC do about the company?

Reference no: EM134008272

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