Compliance Overview

Compliance Framework
Compliance Driver Corporations Act 2001 (Cth)
Classification Level 3
Centrally managed, local area(s) requirement.
Associated Legislation
Associated Standards None
Associated Codes None
Associated Information None
Return to Top Administrative Information
Administrative Body Australian Securities and Investments Commission
Administrative Name
Administrative Address Mailing Address
P.O. Box 4000
Gippsland Mail Centre Victoria
Australia, 3841
Mailing Address
GPO Box 9827
Sydney NSW
Australia, 2001
Administrative Phone 1300 300 630
03 5177 3988
Administrative Email  
Administrative Website http://asic.gov.au/for-business/
Return to Top General Introduction
VC Compliance Delegate Brendan Peet, Chief Legal and Governance Officer
Compliance Coordinator Katrina Warden, Senior Legal Officer
Business Units Impacted
  • Australian Business Research Institute
  • UNE Foundation Limited
  • UNE Life
  • UNE Partnerships Pty Ltd
Overview The Corporations Act 2001 (Cth) is the principal legislation regulating business entities (primarily companies) in Australia. It regulates matters such as the formation and operation of companies (in conjunction with a constitution that may be adopted by a company), duties of officers, takeovers and fundraising.

As the Commonwealth has insufficient power (under Section 51(xx) of the Australian Constitution) to legislate in relation to the formation of companies, a co-operative scheme involving a referral of power from the Australian States was created and adopted by all States (for NSW refer to the Corporations (New South Wales) Act 1990 (NSW)). Under the Corporations Agreement between the States and the Commonwealth, all changes to the Act must be referred to the Ministerial Council for Corporations (MINCO) for approval.

This legislation is relevant for the controlled entity's of the University.