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Government Insurance Office (Privatisation) Act 1991
12Memorandum and articles of GIO
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12 Memorandum and articles of GIO
12 Memorandum and articles of GIO
(1) As from the conversion, the proposed memorandum and articles of association lodged under section 9:
(a) are respectively the memorandum and articles of association of GIO, and
(b) bind GIO and its members accordingly.
(2) As from the conversion, the Corporations Law applies in relation to GIO’s memorandum and articles of association as if they had been registered as such under the Corporations Law.