33Registered AGL is continuation of corporatised AGL

33 Registered AGL is continuation of corporatised AGL

33 Registered AGL is continuation of corporatised AGL

(1) Section 601BM of the Corporations Act 2001 of the Commonwealth makes provision for the legal consequences of the registration of a body corporate as a company under Part 5B.1 of that Act.

Note—

Section 601BM of the Corporations Act 2001 of the Commonwealth provides that the registration of a body as a company under Part 5B.1 of that Act does not—

(a) create a new legal entity, or

(b) affect the body’s existing property, rights or obligations (except as against the members of the body in their capacity as members), or

(c) render defective any legal proceedings by or against the body or its members.

(2) A reference in any instrument to corporatised AGL (including a reference to corporatised AGL arising from the operation of section 21) is to be read on and after the registration day as including a reference to registered AGL.