(1) A company may change to a company of a different type as set out in the following table by:
Note 2: Other types of companies that were previously allowed can change type under the Part 10.1 transitionals.
(2) A public company limited by shares may only convert to a no liability company if:
(3) The company must lodge a copy of the special resolution with ASIC within 14 days after it is passed. (4) A special resolution to change an unlimited company that has share capital to a company limited by shares may also provide that a specified portion of its uncalled share capital may only be called up if the company becomes an externally-administered body corporate.