CORPORATIONS ACT 2001

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 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.

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 .