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No Liability
A no-liability company in Australia (suffix NL) is a company which, under the Corporations Act 2001 (Cth), must have as its stated objects that it is solely a mining company and that it is not entitled to calls on the unpaid issue price of shares. It is a company which is restricted to mining activities and is the only sort of corporation which is entitled to this form of liability, given the sometimes financially risky business of mining. Most of the usual rules in the Act apply to no-liability companies, save that a mining company must adopt a constitution which states their objects as mining. No-liability companies should not be confused with the concept of limited liability. No-liability companies are differentiated from other companies as their shareholders are not liable to pay calls on unpaid shares. This differs from traditional company structure where the purchase of shares is a binding contract. Should the shareholder choose not to pay when there is a call, the sharehol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company (law)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Australian Register
''The Register'', originally the ''South Australian Gazette and Colonial Register'', and later ''South Australian Register,'' was South Australia's first newspaper. It was first published in London in June 1836, moved to Adelaide in 1837, and folded into '' The Advertiser'' almost a century later in February 1931. The newspaper was the sole primary source for almost all information about the settlement and early history of South Australia. It documented shipping schedules, legal history and court records at a time when official records were not kept. According to the National Library of Australia, its pages contain "one hundred years of births, deaths, marriages, crime, building history, the establishment of towns and businesses, political and social comment". All issues are freely available online, via Trove. History ''The Register'' was conceived by Robert Thomas, a law stationer, who had purchased for his family of land in the proposed South Australian province after be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Corporate Law
Australian corporations law has historically borrowed heavily from UK company law. Its legal structure now consists of a single, national statute, the Corporations Act 2001. The statute is administered by a single national regulatory authority, the Australian Securities & Investments Commission (ASIC). Since provisions in the Act can frequently be traced back to some pioneer legislation in the United Kingdom, reference is frequently made to judgments of courts there. Though other forms are permitted, the main corporate forms in Australia are public and private (in Australia termed proprietary) companies, both of which predominantly have limited liability. History Upon Federation in 1901, the Constitution of Australia granted limited powers in relation to corporations to the Australian Parliament. Each State has a residual power in relation to anything not within the Commonwealth power. The main grant of powers to the Commonwealth are as follows: :The Parliament shall, subj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of Business Entity
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (UK, Ireland and the Commonwealth) *public limited company (UK, Ireland and the Commonwealth) *limited partnership *general partnership *chartered company *statutory corporation *state-owned enterprise *holding ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clarence And Richmond Examiner
''The Daily Examiner'' is a daily newspaper serving Grafton, New South Wales, Australia. The newspaper is owned by News Corp Australia. At various times the newspaper was known as ''The Clarence and Richmond Examiner and New England Advertiser'' (1859–1889) and ''Clarence and Richmond Examiner'' (1889–1915). ''The Daily Examiner'' is circulated to Grafton, the Clarence Valley and surrounding areas from Woody Head in the north to Red Rock in the south. The circulation of ''The Daily Examiner'' is 5,571 Monday to Friday and 6,446 on Saturday. A major redesign of ''The Daily Examiner'' was highly commended in the PANPA 2002 Newspaper of the Year Awards for dailies and Sundays up to 20,000.About us ''The Daily Examiner''. Accessed 22 March 2009. ''The Daily Examiner'' was also awarded PANPA Newspaper of the Year 0 to 20,000 copies in 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sydney Morning Herald
''The Sydney Morning Herald'' (''SMH'') is a daily compact newspaper published in Sydney, New South Wales, Australia, and owned by Nine. Founded in 1831 as the ''Sydney Herald'', the ''Herald'' is the oldest continuously published newspaper in Australia and "the most widely-read masthead in the country." The newspaper is published in compact print form from Monday to Saturday as ''The Sydney Morning Herald'' and on Sunday as its sister newspaper, '' The Sun-Herald'' and digitally as an online site and app, seven days a week. It is considered a newspaper of record for Australia. The print edition of ''The Sydney Morning Herald'' is available for purchase from many retail outlets throughout the Sydney metropolitan area, most parts of regional New South Wales, the Australian Capital Territory and South East Queensland. Overview ''The Sydney Morning Herald'' publishes a variety of supplements, including the magazines ''Good Weekend'' (included in the Saturday edition of ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Town And Country Journal
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * ''The Australian'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse), a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (other) * Australia (other) Australia is a country in the Southern Hemisphere. Australia may also refer to: Places * Name of Australia relates the history of the term, as applied to various places. Oceania *Australia (continent), or Sahul, the landmasses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Australian Mining Association
South Australian Mining Association was a no-liability company which established several mines in South Australia, notably the "Grey Wheal", or north mine at Burra, which made a fortune for its promoters, the "Snobs", while the adjacent southern claim, by the Princess Royal Company ("Nobs") proved worthless. History The South Australian Mining Association (SAMA) was formed in 1841 following a letter to the South Australian newspapers by Johann Menge, extolling the mineral wealth which he believed lay under the soil, and later itemised. and discovery of silver-lead ore to the east of Adelaide, dubbed the Wheal Gawler mine. Shares were offered to the public. John Bentham Neales was agent and George Morphett the barrister for the Association, whose shares were under-subscribed, and whatever mining may have taken place was not newsworthy. On 16 April 1845 the Association was resurrected, or a new one formed with the same name (it is not easy to determine which), as a no liability (or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporations Act 2001
The ''Corporations Act 2001'' (Cth) is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in the Commonwealth of Australia. The company is the Act's primary focus, but other entities, such as partnerships and managed investment schemes, are also regulated. The Act is the foundational basis of Australian corporate law, with every Australian state having adopted the Act as required by the Australian Constitution. The Act is the principal legislation regulating companies in Australia. It regulates matters such as the formation and operation of companies (in conjunction with a constitution that may be adopted by a company), duties of officers, takeovers and fundraising. Background Constitutional basis Australian corporate law was the subject of a successful legal challenge in the High Court of Australia in ''New South Wales v Commonwealth'' (1990) ('The Corporations Act Case'). In that case, the Commonwealth was found to have insuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poseidon Bubble
The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969. In the late 1960s, nickel was in high demand due to the Vietnam War, but there was a shortage of supply due to industrial action against the major Canadian supplier Inco. These factors pushed the price of nickel to record levels, peaking at around £7,000/ton (£113,000 in 2018 adjusted for inflation) on the London market early in November 1969. In September 1969, the mineral exploration company Poseidon NL made a major nickel discovery at Mount Windarra northwest of Laverton, Western Australia. In early September its shares, which had been trading at $0.80, began rising on insider trading (which was not illegal at the time). On 1 October, Poseidon announced that drilling had struck 40 metres of ore averaging 3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Argus (Melbourne)
''The Argus'' was an Australian daily morning newspaper in Melbourne from 2 June 1846 to 19 January 1957, and was considered to be the general Australian newspaper of record for this period. Widely known as a conservative newspaper for most of its history, it adopted a left-leaning approach from 1949. ''The Argus''s main competitor was David Syme's more liberal-minded newspaper, ''The Age''. History The newspaper was originally owned by William Kerr, who was also Melbourne's town clerk from 1851–1856 and had been a journalist at the ''Sydney Gazette'' before moving to Melbourne in 1839 to work on John Pascoe Fawkner's newspaper, the '' Port Phillip Patriot''. The first edition was published on 2 June 1846. The paper soon became known for its scurrilous abuse and sarcasm, and by 1853, after he had lost a series of libel lawsuits, Kerr was forced to sell the paper's ownership to avoid financial ruin. The paper was then published by Edward Wilson. By 1855, it had a daily c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
