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Who is the author of the Corporations Act?

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Who is the author of the Corporations Act?

Austin and Black’s Annotations to the Corporations Act

General Information
Publication category Analytical subscription service – annual
Formats available Online, digital via Lexis Red, hardcopy looseleaf
Key content Commentary
Authors Dr R Austin and the Hon Justice A Black

What are the key components of the Corporations Act?

To name a few, the Act governs company formation, shareholding and voting rights, directors duties, takeovers and corporate insolvency. It is the primary document that controls how companies run.

What is the effect of s 140 1 of the Corporations Act 2001 Cth on directors and shareholders of a company?

Company constitutions are given contractual force by section 140 (1) of the Corporations Act. That section provides that a constitution has the effect of a contract between the company and each member, the company and each director and secretary and between each member and each other member.

Who administers the Corporations Act 2001?

ASIC
3.2 ASIC has general administration of the Corporations Act 2001, the principal legislation governing the affairs of companies in Australia.

What does ASIC stand for?

Australian Securities and Investments Commission Act
We are set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act), and we carry out most of our work under the Corporations Act.

What are the requirements of the Corporations Act 2001?

7.3 Corporations Act 2001 (Cth) (the Corporations Act)

  • act in good faith and for a proper purpose.
  • act with care and diligence.
  • avoid improper use of information.
  • avoid improper use of position.
  • disclose certain interests.

Who is covered by the Corporations Act?

It deals primarily with companies but also with other entities, such as partnerships and managed investment schemes.

What is regulated under Corporations Act?

The Corporations Act 2001 (the Act) provides for the regulation of corporations, financial markets and products and services, including in relation to licensing, conduct, financial product advice and disclosure.

What is a special purpose company ASIC?

A ‘special purpose company’ is generally one that’s created for a set reason, not just general business. Special purpose companies are usually one of the following: Superannuation Trustee Company. A superannuation trustee company acts solely as a trustee of a regulated superannuation fund.

What is a replaceable rule?

The replaceable rules are a uniform set of rules that you can use for your company’s internal governance. In the absence of a company constitution, the replaceable rules will apply. This will generally override the operation of the replaceable rules.

How do I reference the Corporations Act 2001?

  1. In Text Citation. Example 1: (Corporations Act 2001 (Cth), s.
  2. Reference List. Corporations Act 2001 (Cth). https://www.legislation.gov.au//Details/C2019C00216.
  3. In Text Citation. (Land Tax Act 2002, s. 1) OR (Land Tax Act 2002 (WA), s.
  4. Reference List. Land Tax Act 2002 (WA).

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