Sticky Web Pty Ltd owns and rents out the apartments in an apartment block. The company had been started by Mr Spider and Ms Fly when they got…

Sticky Web Pty Ltd owns and rents out the apartments in an apartment block. The company had been started by Mr Spider and Ms Fly when they got married. Mr Spider and Ms Fly each owned one share and each was a director. On the birth of their first child, Buzz, Ms Fly and Mr Spider changed the constitution of the company so that each share had the right to occupy an apartment. Mr Spider transferred his share to Buzz. A new share was issued to another child, Tarantella, on her birth.