THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

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

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

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Division 1 - Registration

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

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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 .

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