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The Corporations Act 2001 is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in Australia. The company is the Act's primary focus, but other entities, such as partnerships and managed investment schemes, are also regulated.
The Commonwealth then sought to take sole responsibility for corporations law in Australia. In 2001, the current arrangement was created, after the states referred their power in respect of corporations to the Commonwealth. Australian Securities Commission Act 1989, [6] and Australian Securities & Investments Commission
Relying in the main on s51(xx) of the Constitution the Commonwealth enacted the Corporations Act 1989. Concerned with the constitutional validity of the legislation the states of New South Wales, South Australia and Western Australia sought a declaration as to the validity of the aspects of the legislation dealing with the registration and ...
The Corporations Act permits a great deal flexibility in relation to the deed of company arrangement. The deed of company arrangement may involve a simple moratorium for a fixed period, or a composition of creditors' claims whereby creditors agree to accept a cram down , or a plan to pay creditors in deferred instalments, or some combination of ...
Section 51(xx) of the Australian Constitution is a subsection of Section 51 of the Australian Constitution that gives the Commonwealth Parliament the power to legislate with respect to "foreign corporations, and trading or financial corporations formed within the limits of the Commonwealth". This power has become known as "the corporations ...
The corporations power, Constitution s 51(xx), empowers the Commonwealth to legislate with respect to "foreign corporations, and trading or financial corporations formed within the limits of the Commonwealth". On the basis of this power, in 1989 the Commonwealth enacted comprehensive legislation on corporations in Australia, the Corporations ...
Under Note 11 of The Commonwealth of Australia Constitution Act, The Corporations Act 2001 can be seen as still in effect. Australian Financial Services Licence (AFSL) is a legal licence provided by the Australian Securities and Investments Commission (ASIC) enabling the operation and activities of Australian financial services businesses. [1]
Corporations power in the Australian Constitution cases (7 P) Pages in category "Australian corporate law" The following 11 pages are in this category, out of 11 total.