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GreenTech Ltd is an ASX-listed technology company that has recently expanded its...

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GreenTech

Ltd is an ASX-listed technology company that has recently expanded its

operations globally. The board believes that the replaceable rules in the

Corporations Act

2001 (Cth) are sufficient for the company’s needs and decides

not to adopt a formal constitution, relying entirely on the replaceable rules

for its governance.

Address if the statement is true or false, and briefly justify why.

(3 marks)

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