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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 126
Certain State and Territory companies not to carry on business unless registered under this Division
126. A body corporate that:
(a) is a company of a State or Territory;
(b) is a trading corporation or a banking corporation; and
(c) is not an externally-administered body corporate; shall not, on or
after the transfer day for the body, carry on business within or
outside Australia unless:
(d) it is registered as a company under this Division; or
(e) it has applied to be so registered but the application has not been
dealt with.
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