11Constitution of Corporation

11 Constitution of Corporation

(1)  The Corporation is to have a constitution.

(2)  The members of the Corporation are to ensure that the constitution of the Corporation at all times contains –

(a) provisions setting out the rights attaching to each class of shares; and

(b) provisions to the effect of the provisions set out in Schedule 1 ; and

(c) such other provisions as are prescribed by the regulations.

(3)  The constitution of the Corporation –

(a) is not to be adopted, modified or repealed unless and until a resolution approving the adoption, modification or repeal has been passed by members in accordance with the requirements of the Corporations Act; and

(b) is not to be inconsistent with this Act or the regulations.

(4)  The Corporation is to make available to the public the constitution of the Corporation following its adoption or modification as soon as practicable following its approval under subsection (3)(a) .

(5)  Each of the provisions that are to be included in the constitution of the Corporation under this section is also to be included in the constitution of any subsidiary of the Corporation.