New South Wales Consolidated Acts

GOVERNMENT INSURANCE OFFICE (PRIVATISATION) ACT 1991 - SECT 9

9 GIO to apply to be registered as a company etc

(1) GIO must, before the conversion:

(a) apply to the Australian Securities Commission under section 133 of the Corporations Law to be registered as a company limited by shares under Division 3 of Part 2.2 of the Corporations Law (Registering non-companies as companies), and

(b) apply to that Commission under section 374 of the Corporations Law for the reservation of the name “GIO Australia Holdings Limited”.

(2) GIO is required to lodge with the application for registration as a company:

(a) proposed memorandum and articles of association of GIO, and

(b) subject to any order in writing of the Minister, the other documents and information required by section 136 of the Corporations Law to accompany the application.

(3) The proposed memorandum of association:

(a) is to specify that the State of New South Wales is to be the sole subscriber to the memorandum and is to take up the number of shares in the capital of GIO issued under section 6, and

(b) is to be signed by the Minister on behalf of the State of New South Wales.

(4) The proposed articles of association:

(a) are to provide that the first directors of GIO after the conversion are to be appointed by the Minister, and

(b) are to be signed by the Minister on behalf of the State of New South Wales.

(5) GIO is entitled to make the applications, and to lodge the documents, referred to in this section.

(6) The name “GIO Australia Holdings Limited” is taken to have been reserved under section 374 of the Corporations Law immediately after the making of the application to reserve that name.