18CSMEC to apply to be registered as company etc.

#### 18C SMEC to apply to be registered as company etc. (1) SMEC shall, before the transition: (a) apply to the National Companies and Securities Commission under subsection 85(1) of the Companies Act 1981 to be registered as a company limited by shares within the meaning of that Act; (b) apply to the National Companies and Securities Commission under subsection 55(1) of the Companies Act 1981 for the reservation of the name “Snowy Mountains Engineering Corporation Limited”; and (c) lodge with the National Companies and Securities Commission a proposed memorandum, and proposed articles, for SMEC. (2) The application mentioned in paragraph (1)(a) shall, subject to the regulations, be accompanied by the documents required by subsection 85(4) of the Companies Act 1981 to accompany such an application. (3) The applications mentioned in paragraphs (1)(a) and (b) shall be made to the National Companies and Securities Commission by delivering them to the office of the Corporate Affairs Commission for the Australian Capital Territory, and the documents mentioned in paragraph (1)(c) and subsection (2) shall be lodged with the National Companies and Securities Commission by lodging them at that office. (4) SMEC shall be taken to be entitled to make the applications mentioned in paragraphs (1)(a) and (b), and to lodge the documents mentioned in paragraph (1)(c) and subsection (2). (5) The National Companies and Securities Commission shall be taken: (a) to have been required to reserve the name “Snowy Mountains Engineering Corporation Limited” under subsection 55(2) of the Companies Act 1981; and (b) to have so reserved that name immediately after the making of the application mentioned in paragraph (1)(b).