BUS200: Registering a No-Liability Company & Royal Commission

This assignment solution covers two main parts: registering a No-Liability (NL) company and analyzing a Royal Commission. The first part involves completing ASIC Form 201 to register an NL company, referencing sections of the Corporations Act 2001, including sections 117(1) and (2), 112(1) and (2), 201A, 204A, 147, 148, and 149. The form includes details of the company's name, type, registered office, officeholders, share structure, and members. The second part focuses on understanding Royal Commissions, including their establishment, powers, the full name and establishment date of the Banking Royal Commission, the creator and commissioner of the commission, the reporting deadline, and the number of terms of reference. The solution references key aspects of company law and the formal inquiry process represented by the Royal Commission.

ASIC Form 201 11 December 2012 Page 1 of
No-Liability Company Registration
Name
Institution

ASIC Form 201 11 December 2012 Page 2 of
Australian Securities &
Investments Commission
Application for registration as an Australian company
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
Form 201
Corporations Act
2001
117
If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this
lodgment
Lodgment 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)
215
Firm/organization
Jays Company Limited
Contact name/position description
Auditor General Telephone number (during business
hours)
([phone] )
Email address (optional)
[e-mail]
Postal address
P. O BOX 5514
Mugindi Victoria 7408
Suburb/City State/Territory Postcode
1 State/territory of registration
Tasmania
2 Details of the company
Does the company have a proposed company name?
If yes, the proposed company name is Wellers Company NL
Name reservation
number 7435 (if any)
No

ASIC Form 201 11 December 2012 Page 3 of
The company name on registration will be its Australian Company
Number (ACN).
Tick the legal elements that
apply
Pty. Ltd.
Proprietar
y
Limited No
liability
NL

ASIC Form 201 11 December 2012 Page 4 of
2 Continued ... Further details of the company
For business names registered
before 28 May 2012 without
an ABN.
Special purpose
company Refer to
Guide for descriptions
of special purpose
companies.
A public company that is:
• a superannuation trustee, or
• for charitable
purposes only, must
have a constitution.
Registered office
You cannot use a PO Box address
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
limited by shares
unlimited with a share
capital
Special purpose (if
applicable)
home unit (HUNT)
superannuation trustee
(PSTC) charitable
purposes only (PNPC)
superannuation
trustee (ULSS)
charitable purposes
only (ULSN)
proprietary company
public company
limited by
shares limited
by guarantee
unlimited with a
share capital no
liability
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.
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.

ASIC Form 201 11 December 2012 Page 5 of
2 Continued ... Further details of the company
Office hours
For a public company
Principal place of business
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
Former name
Street number and
Street name
102 Georgina Street
Suburb/City
Brisbane
State/Territory
Tasmania
Postcode
2004
Country (if not
Australia)
Johnsons
Brisbane Tasmania 5400
Australia
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.
If same as registered office, write “as
above”.
Office, unit, level
PO BOX 34
Street number and Street
name Suburb/City
State/
Territory
Postcod
e
Country (if not
Australia)
Clos
e
If b, insert hours
open
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.
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.
Toam/pmFromam/pm

ASIC Form 201 11 December 2012 Page 6 of
Date of birth
4/12 /1985
Place of birth
(town/city) Paring
(state/country)
Australia

ASIC Form 201 11 December 2012 Page 7 of
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
Adams Mr. John Adams
Former name
John
Street number and
Street name
98 George Road
Suburb/City State/Territory
New South
Wales
Postcode
2144
Parramatta
Country (if not
Australia)
Date of birth
07/03 /1988
Place of birth
(town/city) Victoria
(state/country) Australia
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
Office held
Director Secretary
Family name Given names
Johnsons Noah Johnsons
Former name
Noah
Street number and
Street name
100 Flushcombe
Street
Suburb/City
Black town
State/Territory
New South
Wales
Postcode
2143
Country (if not
Australia)

ASIC Form 201 11 December 2012 Page 8 of
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
Are any of these shares issued other
than for cash?
Yes
No
If yes, will some or all of the
shares be issued under a written
contract?
Yes
If no, continue to Section 6 Details
of members.
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
O
CRP 1000 $ 9000 $1000
MAN 5000 $ 40000 $10000
CUMP 200 $1000 $1000
ORD 4000 $35000 $5000

ASIC Form 201 11 December 2012 Page 9 of
If no: Proprietary companies
Continue to Section 6
Details of member
s.
Public companies
Lodge a Form 208.

Mariana Johnsons
98 George road Victoria
Member details and shareholding
Indicate whether the member is an
individual or a company and provide
the:
Family
name
Given
names
•
•
•
name of the individual or
company address of the
individual or company, and
shareholding.
OR
Company
name
ACN/ARBN/
ABN
Address of individual or
company
Office, unit, level, or PO Box
number
PO BOX 322
Street number and Street
name Suburb/City
State/
Territory
Postcod
e
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 the entitlements 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.
ASIC Form 201 11 December 2012 Page 10 of
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.
2550
Share
class Number of Amount
agreed to Total $ paid
on Amount
unpaid Total $
unpaid on Fully
paid Beneficia
lly
code shares taken
up pay per share these shares per share these shares (y/n) held
(y/n)
RED 100 $150 $15000 $100 $10000 $15000 $10000
PRF 50 $100 $5000 $500 $2500 $5000 $2500

Washington Arnold
Pema Queensland 2309
Family
name
Given
names
OR
Company
name
ACN/ARBN/
ABN
Office, unit, level, or PO Box
number
PO BOX 35
Street number and Street
name Suburb/City
State/
Territory
Postcod
e
Country (if not
Australia)
Annete Julieta
Parramata street Parramata 2233
Family
name
Given
names
OR
Company
name
ACN/ARBN/
ABN
Office, unit, level, or PO Box
number
PO BOX 66
Street number and Street
name Suburb/City
State/
Territory
Postcod
e
Country (if not
Australia)
ASIC Form 201 11 December 2012 Page 11 of
6 Continued ... Details of another member
Share
class Number of Amount
agreed to Total $ paid
on Amount
unpaid Total $
unpaid on Fully
paid Beneficia
lly
Code shares taken
up pay per share these shares per share these shares (y/n) held
(y/n)
PRF 100 $150 $15000 $100 $10000 $15000 $10000
RED 50 $100 $5000 $500 $2500 $5000 $2500
6 Continued ... Details of another member

ASIC Form 201 11 December 2012 Page 12 of
Share
class Number of Amount
agreed to Total $ paid
on Amount
unpaid Total $
unpaid on Fully
paid Beneficia
lly
Code shares taken
up pay per share these shares per share these shares (y/n) held
(y/n)
ORD 100 $150 $15000 $100 $10000 $15000 $10000
CUMP 50 $100 $5000 $500 $2500 $5000 $2500