THE CORPORATIONS LAW

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, recognised company or corporation sole may be registered under this Law 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 .