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EFFECT OF REGISTRTION
upon registration, a company comes into
membership
It can acquire, hold and dispose assets
name.
Salomon v. Salomon
the shareholder.
STATUTE
Insolvent trading
Uncommercial transactions
Unreasonable director-related
transactions
Employee entitlements
Company officer security interests
Financial assistance
GENERAL LAW
Basis: overriding policy reason
Repatriation Commission v. Harrison
Briggs v James Hardie & Co. Pty (1989)
CORPORATE GROUPS
When are companies considered related with
each other?
Control the composition of the subsidiarys
board; or
Be in a position to cast or control the casting
of more than one-half of the maximum
number of votes at a general meeting; or
Hold more than half of the subsidiarys issued
share capital.
Control
If one company has the capacity to determine