Corporate Culture in Australia

Corporate Culture in Australia
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Australian Securities &
Investments Commission
Application for registration as an Australian
company
Form 201
Corporations Act 2001
117
Use this form to apply to ASIC for registration of a company under the Corporations Act 2001.
Related Forms
208 - Notification of details of shares allotted other than for cash 207Z - Certification
of compliance with stamp duty law
If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement
Lodgement details
An image of this form will be
available as part of the public
register.
Who should ASIC contact if there is a query about this form?
ASIC registered agent number (if applicable)
N/A
Firm/organisation
N/A
Contact name/position description Telephone number (during business hours)
Sloan Scoat/ Director (
[phone]Email address (optional)
[e-mail]
Postal address
P.O Box 1227
Suburb/City State/Territory Postcode
Sydney New South Wales 2059
1 State/territory of registration
I apply for registration of the company under the Corporations Act 2001 and nominate the State
or Territory in which the company will be taken to be registered.
New South Wales Give State or Territory
2 Details of the company
Does the company have a proposed company name?
Yes
If yes, the proposed company name is
Bongek
Name reservation number (if any)
No
The company name on registration will be its Australian Company Number (ACN).
Tick the legal elements that apply
Pty. Ltd. Proprietary Limited No liability NL

2 Continued ... Further details of the company
For business
names registered
before 28 May
2012 without an
ABN.
Is the proposed name identical to a
registered business name(s)?
Yes No
If yes, I declare that I hold, or am
registering the company for the
holder(s) of, the identical business
name(s), the registration details of
which are listed below.
ABN
or
Previous business number Previous
state/territory of registration
Type of company Class of
company
proprietary company
lim
ite
d
by
sh
ar
es
unlimited with a share capital
public company
lim
ite
d
by
sh
ar
es
lim
ite
d
by
gu
ar
an
te
e
unlimited with a share capital
no
lia
bili
ty
Special purpose (if
applicable)
home unit (HUNT)
superannuation
trustee (PSTC)
charitable purposes
only (PNPC)
superannuation
trustee (ULSS)
charitable purposes
only (ULSN)
Special
purpose
company
Refer to
Guide for descriptions of special purpose
companies.
(insert amount)

Crowd-
sourced
funding
Only
complete
this section
if you
intend to
make a
crowd-
sourced
funding
offer.
Refer to
www.asic.g
ov.au/crow
d-sourced-
funding for
furtherinfor
mation.
A public
company
that is:
• a
superannu
ation
trustee, or
• for
charitable
purposes
only, must
have a
constitutio
n.
If this is a special purpose company, tick the
box below to make the declaration.
I declare that this company is a
special purpose company as defined
under Regulation 3 of the Corporations
(Review Fees) Regulations 2003.
The company intends to make a
crowd-sourced funding offer after
registration and is eligible for limited
governance requirements under s738ZI of
the Corporations Act 2001 on registration.
Governance of a public company
The company will rely entirely on
replaceable rules
The company has a constitution
A proposed public company which has
adopted a “Constitution” must lodge a
copy of the constitution with this
application.
If the proposed company is to be a public
company limited by guarantee, state the
amount of the guarantee that each member
agrees to in writing.
The amount of the member’s guarantee is $

2 Continued ... Further details of the company
Registered
office
You cannot use
a PO Box
address
Office
hours
For a public
company
Principal
place of
business
At the office of, C/- (if applicable)
N/A
Office, unit, level
Level 4
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Does the company occupy the premises?
Yes
No
If no, name of occupier
Occupier’s consent (Select box to
indicate the statement below is
correct)
The occupier of the premises has
consented in writing to the use of
the specified address as the
address of the registered office of
the company and has not
withdrawn that consent.
a. Registered office of a public
company is open to the public each
business day from at least 10 am
to 12 noon and 2 pm to 4 pm.
b. Registered office of a public company is open
to the public each business day for at least 3 hours
between
9 am and 5 pm.
If b, insert hours open from 9.00 am/pm close to 4.00 am/pm
If same as registered office, write “as above”.
Office, unit, level
Level 4
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)

3 Appoint officeholder
A public company must have a minimum
of 3 directors (2 resident in Australia) and
1 secretary (resident in Australia).
A proprietary company must have a
minimum of 1 director (resident in
Australia). The office of secretary
is optional, but if appointed one
must reside in Australia.
Officeholder(s) appointment date
shall be effective from the
beginning of the day on which the
company becomes registered.
Office held
Director Secretary
Family name Given names
Brown Ben
Former name
N/A
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)
Date of birth
2 5 / 0 6 / 8 4
[D D] [M M] [Y Y]
Place of birth (town/city) (state/country)
Sydney New South Wales
3 Continued ... Appoint another officeholder
A public company must have a
minimum of 3 directors (2 resident in
Australia) and 1 secretary
(resident in Australia).
A proprietary company must have a
minimum of 1 director (resident in
Australia). The office of secretary
is optional, but if appointed one
must reside in Australia.
Officeholder(s) appointment date
shall be effective from the
beginning of the day on which the
company becomes registered.
Office held
Director Secretary
Family name Given names
Selwood Dayne
Former name
N/A
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)
Date of birth
1 8 / 0 4 / 8 6
[D D] [M M] [Y Y]
Place of birth (town/city) (state/country)
Sydney New South Wales

3 Continued ... Appoint another officeholder
A public
company must
have a
minimum of 3
directors (2
resident in
Australia)
and 1
secretary
(resident in
Australia).
A proprietary
company must
have a
minimum of 1
director
(resident in
Australia).
The office of
secretary is
optional, but
if appointed
one must
reside in
Australia.
Officeholder(s)
appointment
date shall be
effective from
the beginning
of the day on
which the
company
becomes
registered.
Office held
Director Secretary
Family name Given names
Sloane Scott
Former name
N/A
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)
Date of birth
1 0 / 0 1 / 8 8
[D D] [M M] [Y Y]
Place of birth (town/city) (state/country)
Sydney New South Wales
4 Identify ultimate holding
company
Will the company have
an ultimate holding
company upon
registration?
Yes
If yes, provide the
following details of the
ultimate holding
company
Company name
ACN/ARBN/ABN Country of incorporation (if not Australia)
No

5 Share structure table
Details of shares issued by the company. Please show all details of shares that the company has on issue at the time of this application.
Standard share codes
Refer to the table for the
share class codes for
sections 5 and 6.

Share class code Full title Share class code Full title
A A PRF preference
B B ...etc CUMP cumulative preference
EMP employee’s NCP non-cumulative preference
FOU founder’s REDP redeemable preference
LG life governor’s NRP non-redeemable preference
MAN management CRP cumulative redeemable preference
ORD ordinary NCRP non-cumulative redeemable preference
RED redeemable PARP participative preference
SPE special
If you are using the standard share class codes you do not need to provide the full title for the shares, just the
share class code.
If you are not using the standard share class code, enter a code of no more than 4 letters and then show the full title.
Share Full title if not standard Total number of Total amount Total amount
class code shares paid on these unpaid on these
shares shares
PRF 1 000 000 90 000 000 00
Are any of these shares issued other than for cash?
Yes No
If yes, will some or all of the shares be issued under If no, continue to Section 6 Details of members.
a written contract?
Yes
If yes: Proprietary companies
Lodge a Form 207Z certifying that all stamp duties have
been paid.
Public companies
Lodge a Form 207Z and either a Form 208 or a copy of
the contract.
No
If no: Proprietary companies
Continue to Section 6 Details of members.
Public companies
Lodge a Form 208.

6 Details of members
Use this section to notify the name and address of each person who consents to become a member.
If shares are jointly owned, provide names and addresses of all joint-owners on a separate sheet (annexure), clearly indicating the
share class and with whom the shares are jointly owned.
Please complete a separate section below for each member, print additional copies of page 7 if more members are required.
Member details and shareholding
Indicate whether the member is an
individual or a company and provide the:
• name of the individual or company
• address of the
individual or company,
and
• shareholding.

Family name Given names
Sloan Scoat
OR
Company name
ACN/ARBN/ ABN
Address of individual or company Office, unit, level, or PO Box number
P.O Box 123
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)

Complete each column for each share class the above member has agreed, in writing, to take up.
Note: Beneficially held usually means that the owner of the shares is entitled to the direct benefit from the shares. For example, benefits could include
theentitlements to payments in relation to any dividends. Shares held by a person as trustee, nominee or on account of another person are non-beneficially
held.
Share class Number of Amount agreed to Total $ paid on Amount unpaid Total $ unpaid on Fully paid Beneficially
code shares taken up pay per share these shares per share these shares (y/n) held (y/n)
PRF 300, 000 90 27 000 000 00 00 Y

6 Continued ... Details of another member
Family name Given names
Selwood Dayne
OR
Company name
ACN/ARBN/ ABN
Office, unit, level, or PO Box number
P.O 132
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)
Share class Number of Amount agreed to Total $ paid on Amount unpaid Total $ unpaid on Fully paid Beneficially
code shares taken up pay per share these shares per share these shares (y/n) held (y/n)
PRF 400 000 90 36 000 000 00 00 Y
6 Continued ... Details of another member
Family name Given names
Brown Ben
OR
Company name
ACN/ARBN/ ABN
Office, unit, level, or PO Box number
P.O Box 321
Street number and Street name
40 Mount Street
Suburb/City State/Territory Postcode
North Sydney New South Wales 2059
Country (if not Australia)
Share class Number of Amount agreed to Total $ paid on Amount unpaid Total $ unpaid on Fully paid Beneficially
code shares taken up pay per share these shares per share these shares (y/n) held (y/n)
PRF 300 000 90 27 000 000 00 00 Y

Declaration by applicant
I/we apply for registration of a company on the basis of the information in this form and
any attachments. I/we have the necessary written consents and agreements referred to in
the application concerning the member and officeholders and I/we shall give the consents
and agreements to the company after the company becomes registered. The information
provided in this application and in any annexures is true and correct at the time of signing.
Signature of
applicant
Provide family and given
names OR corporation name
(include ACN/ARBN if
applicable)
If the applicant is an individual - 1 signature
required.
If the applicant is a corporation -
a director or secretary to sign.
If the agent for the applicant is a firm
– a member/partner of the firm to sign
Payment has been attached
Name of applicant
Sloan Scoat
Capacity of applicant
Individual
Corporation
Name of officeholder
Agent for individual or corporation
Name of agent
Signature of applicant
Sloanc
Date signed

0 4 / 0 5 / 1 8
[D D] [M M] [Y Y]
Lodgement Send completed and signed forms to:
Australian Securities and Investments Commission,
PO Box 4000, Gippsland Mail Centre VIC 3841
For more information
Web www.asic.gov.au
Need help? www.asic.gov.au/question
Telephone [phone]

Part 2
Corporate Culture
Section 12.3 (6) of the Criminal Code Act defines Corporate Culture as an attitude,
policy, rule, course of conduct or practice existing within the body corporate generally or in
the part of the body corporate in which the relevant activities takes place. Corporate culture is
principles or values that are adhered to by the organisations. It represent behaviour pattern
associated with a particular corporation. It is the kind of behaviour that the new employees
adopt and the employees who are to come after them will adopt. It determines how things are
done in a particular organisation or corporation.1
Corporate culture is a creature of the organisation over a long period of time. It is
developed from continuous and long practice that has been accepted to bring good result to
the corporation.It is developed when the company is at its growth stage where strategies,
vision and philosophy of the company is developed and employees align themselves with that
philosophy. After proving to be a success for a long period of time the philosophy is accepted
as the company’s culture. Strong corporate culture tends to control the employees behaviour
and actions in the company.2
Strong corporate has got influence in a companies’ performance that supersedes
influence of companies’ strategies, management system and leadership on employment. This
is attributed to the fact that employees in organisation with strong corporate structure move in
the same direction and hence quite efficient. The employees also feel motivated and
committed to their work and thus ensure that goals are achieved with perfection.
Commitment is attributed to certainty in the work place.
1 Tricker, R.B. and Tricker, R.I., 2015 corporate governance: Principles, policies, and practices Oxford
University Press, USA
2 ArAs, G., 2016. A handbook of corporate governance and social responsibility CRC Press

A corporation’s strong corporate culture might have a long time negative effect on its
operations if it is based on unethical practices. Australia has recently been rocked by fraud in
the financial sectors especially the big 4 bank and a commission of inquiry has been formed
to ascertain allegations of fraud. The preliminary stage of the investigation has revealed
blatant violation of the law and disrespect to their customers and regulator.3
It was reported in Reuters on 13/3/2018 that the National Australia Bank was
involved in falsified loan documents in the issuance of home loans. The Bank issued to more
than 2300 of their customers unsuitable loans. The Bank was also involved in dishonest use
of customer’s signature and that the Bank had made more than a $24 billion from that
fraudulent activity. On 17/4/2018 it was reported on The Sunday Herald that Commonwealth
Bank of Australia board and senior executives were caught falsifying expert report to be
presented to the Australian Securities and Investment Commission.4
Through the falsification of the report the bank was charging customers fees for no
service. AMP was also found to have misled the Australian Securities and Investment
Commission on more than 20 occasions and had in those several times charged customers
fees for no services rendered. Financial Times also reported an incidence in United States of
America where Wells Fargo was fined US$ 1 billion. Wells Fargo employees were involved
in signing up customers for services they had no knowledge.
Corporate fraud in Australia perpetuated by distorted corporate culture has been
continuing in the financial sector despite its prohibition by Criminal Code Act. The
memorandum to the bill provided guide to prosecutors to those charged with corporate
culture encouraging fraud. The company is to be held liable where there exists a corporate
culture that encouraged non-compliance with law. This could be deduced from the
corporation’s rules encouraging non-compliance or lack of rules encouraging compliance or
3 Bottomley, S., 2016 The constitutional corporation: Rethinking corporate governance Routledge
4 Davies, A., 2016. The globalization of corporate governance: The challenge of clashing cultures.
Routledge

corporate culture of reckless violation of the law. The company will still be liable guilty
where it has intentionally violated the law.5
The on-going financial sector has revealed the following as the means by which
companies steal from their customers and perpetuate fraud: falsify their records, sellnon-
existent products, improperly use customers’ information, unfairly charge customers for
services not given, bribing for loan referrals, refusing to honour financial claims, mistreating
customers, rigging interest rates, perpetuating money laundering, charging dead people for
financial advice and issuing falsified documents to customers to steal from the customers and
to perpetuate fraud.6
5 Graham, J. and Kaye, D., 2015 A Risk Management Approach to Business Continuity: Aligning Business
Continuity and Corporate Governance. Rothstein Publishing
6 Larcker, D. and Tayan, B., 2015. Corporate governance matters: A closer look at organizational
choices and their consequences. Pearson Education