Search results
Results from the WOW.Com Content Network
The Corporations Act 2001 is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in Australia. The company is the Act's primary focus, but other entities, such as partnerships and managed investment schemes, are also regulated.
Australian corporations law has historically borrowed heavily from UK company law. Its legal structure now consists of a single, national statute, the Corporations Act 2001. [1] The statute is administered by a single national regulatory authority, the Australian Securities & Investments Commission (ASIC). [2]
The law in this area is principally governed by the Corporations Act 2001. Under Australian law , the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. [ 1 ]
A no-liability company in Australia (suffix NL) is a company which, under the Corporations Act 2001 (Cth), must have as its stated objects that it is solely a mining company and that it is not entitled to calls on the unpaid issue price of shares. It is a company which is restricted to mining activities and is the only sort of corporation which ...
Australian Securities and Investments Commission Act 2001 (ASIC Act) Business Names Registration Act 2011; Corporations Act 2001 (Corporations Act) Insurance Contracts Act 1984; National Consumer Credit Protection Act 2009 (National Credit Act) Additionally, ASIC is also responsible for administering parts of the following legislation: [3 ...
Directors also have duties under Corporations Act 2001: Section 181: Mirrors the general law duty to act in good faith, in the best interests of the company and for proper purpose. Section 182: Duty not to misuse position to gain advantage; Section 183: Duty not to misuse information to gain advantage [5]
The main body of substantive law about securities is found in the Corporations Act 2001 (Cth), as well as the regulations made under that Act. Whilst much of the law is derived from earlier regulation (especially the bust in Australian mineral stocks of the late 1960s), the sections relating to securities regulation have been subject to recent amendment.
Corporations (National Guarantee Fund Levies) Act 2001 2001 (No. 54) Yes (as amended) Corporations (Repeals, Consequentials and Transitionals) Act 2001 2001 (No. 55) Yes (as amended) Corporations (Review Fees) Act 2003 2003 (No. 23) Yes (as amended) Corporations (Securities Exchanges Levies) Act 2001 2001 (No. 56) No