CORPORATIONS ACT 2001 - SECT 601BA Bodies corporate may be registered as certain types of companies

CORPORATIONS ACT 2001 - SECT 601BA

  (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 .