Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 601BA

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 proprietary company limited by shares;

an unlimited proprietary company with share capital;

a public company limited by shares;

a company limited by guarantee;

an unlimited public company with share capital;

a no liability company.

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

the body has a share capital; and

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

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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