Petal Pty Ltd was incorporated in 2024 for the

express purposes of running a wedding florist business.  It is anticipated that Petal Pty Ltd will

contract with wedding venues and individuals directly.   Due to

an inability to obtain adequate financing, it has not commenced substantive trading

activities.  The Commonwealth recently amended

its Work Health and Safety Act 2011 (Cth) mandating improved employer-provided

safety equipment and clothing for employees for ‘foreign, and trading or

financial corporations’.  Which of the

following is most correct?