FTC becomes deemed registration company on registration day
3 FTC becomes deemed registration company on registration day
FTC is a deemed registration company for the purposes of section 5H of the Corporations Act.
For the purposes of that section—
the day on which FTC is to be taken to be registered as a company is the registration day, and
the type of company that FTC is to be registered as is a proprietary company limited by shares, and
the company’s proposed name is “FSS Trustee Corporation”.
Note.
Section 5H of the Corporations Act provides that a body is taken to be registered under that Act as a company of a particular type under section 118 of that Act if a law of a State or Territory to which the Act applies—
provides that the body is a deemed registration company for the purposes of the section, and
specifies—
the day on which the body is to be taken to be registered (the registration day) or the manner in which that day is to be fixed, and
the type of company the body is to be registered as under the Act, and
the company’s proposed name (unless the ACN is to be used in its name),
and if section 5H (2) and (3) (relating to the lodgment of certain notices and documents with ASIC) are satisfied.
This Act’s bill:Explanatory memorandumSecond reading speech
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