Commonwealth Consolidated Acts

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Bodies corporate may be registered as certain types of companies

             (1)  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.

             (2)  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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