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Corporations Act 1001 | |
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Parliament of Australia | |
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Citation | No. 50 of 2001 or No. 50 of 2001 as amended |
Territorial extent | States and territories of Australia |
Royal assent | 28 June 2001 |
Status: In force |
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Politics of Australia |
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Constitution |
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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 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.
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