11
CurrentRegistration as a company under the Corporations Act
Part 3Privatisation of dairy corporations
Division 2Registration of the Australian Dairy Corporation as a Corporations Act company
11 Registration as a company under the Corporations Act
(1)
At the conversion time, ASIC is taken to have registered ADC under section 601BD of the Corporations Act 2001:
(a)
as a company limited by guarantee; and
(b)
with the name “Dairy Australia Limited”.
Note:
The effect of registration of ADC under the Corporations Act 2001 is not to create a new legal entity: see section 601BM of that Act.
(2)
ASIC must issue a certificate and ACN under section 601BD of the Corporations Act 2001 in respect of the registration. The date of registration is to be the day on which the conversion time occurred.
This Act’s bill:Explanatory memorandumSecond reading speech
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