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CORPORATIONS ACT 2001

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES  

PART 5B.1 - REGISTERING A BODY CORPORATE AS A COMPANY  

Division 1 - Registration  

SECTION 601BA  BODIES CORPORATE MAY BE REGISTERED AS CERTAIN TYPES OF COMPANIES  

601BA(1)  [Company]  


A body corporate that is not a company or corporation sole may be registered under this Act as a company of one of the following types:


(a) a proprietary company limited by shares;


(b) an unlimited proprietary company with share capital;


(c) a public company limited by shares;


(d) a company limited by guarantee;


(e) an unlimited public company with share capital;


(f) a no liability company.

601BA(2)  [No liability company]  


A body corporate may be registered as a no liability company only if:


(a) the body has a share capital; and


(b) the body's constitution states that its sole objects are mining purposes; and


(c) under the constitution the body has no contractual right to recover calls made on its shares from a member who fails to pay them.

Note: Section 9 defines mining purposes and minerals.


 



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