Types of Company Under the Corporations Act 2001 (Practice Note)

This Practical Law Australia Company Law practice note offers a guide to the types of companies that can be incorporated in Australia by the process of registration under the Corporations Act 2001 (Cth) (CA 2001) and that are regulated by the Australian Securities and Investments Commission (ASIC). It includes a summary of each company type’s key features and their different benefits, obligations and restrictions.

Table of contents:

  • Companies under the CA 2001
  • Company types and structure
  • Proprietary companies
    – Benefits of using a proprietary company
    – Restrictions on proprietary companies
    – Obligations of proprietary companies
  • Public companies
    – Benefits of using a public company
    – Obligations of public companies
    – Restrictions on public companies
  • Types of company categorised by members’ liability
    – Companies limited by shares
    – Unlimited companies with share capital
    – Companies limited by guarantee
    – No liability companies

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