Section 601BA — Corporations Act 2001: Bodies corporate may be registered as certain types of companies

(1) A body corporate that is not a company or corporation sole may be registered under this Act as a company of one of the following types: (a) a proprietary company limited by shares; (b) an unlimited proprietary company with share capital; (c) a public company limited by shares; (d) a company limited by guarantee; (e) an unlimited public company with share capital; (f) a no liability company. (2) A body corporate may be registered as a no liability company only if: (a) the body has a share capital; and (b) the body’s constitution states that its sole objects are mining purposes; and (c) under the constitution the body has no contractual right to recover calls made on its shares from a member who fails to pay them. Note: Section 9 defines mining purposes and minerals.