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 and Investments Commission.
The two federal statutes are the Corporations Act 2001 and Australian Securities and Investments Commission Act 2001. The corporations legislation is administered by the Australian Securities and Investments Commission ("ASIC"), which reports to the Treasurer. 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.
Read more about Australian Corporations Law: History, Company Formation, Corporate Governance, See Also
Famous quotes containing the words australian, corporations and/or law:
“The Australian mind, I can state with authority, is easily boggled.”
—Charles Osborne (b. 1927)
“Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges ... which are employed altogether for their benefit.”
—Andrew Jackson (1767–1845)
“A quality is something capable of being completely embodied. A law never can be embodied in its character as a law except by determining a habit. A quality is how something may or might have been. A law is how an endless future must continue to be.”
—Charles Sanders Peirce (1839–1914)