Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:4_7
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 4 cl 7
Character Range: 78453–79801

7  ASIC to complete formalities of registration

 (1) As soon as practicable after a transferring financial institution of this jurisdiction is registered as a company under clause 3, ASIC must:
 (a) give the company an ACN; and
 (b) keep a record of the company's registration; and
 (c) issue a certificate to the company that states:
 (i) the company's name; and
 (ii) the company's ACN; and
 (iii) the company's type; and
 (iv) that the company is registered as a company under the Corporations Law of this jurisdiction; and
 (v) the transfer date as the date of registration.

Note: For the evidentiary value of a certificate of registration, see subsection 1274(7A).

 (2) If:
 (a) the company is registered with a name that does not include "Limited" or "Proprietary Limited" (as the type of company requires), or an acceptable abbreviation; and
 (b) the company is not exempt from the requirement to use that word or those words in its name by or under section 150 or 151;
ASIC may change the company's name so that it includes the required words by altering the details of the company's registration to reflect that change.

Note: For acceptable abbreviations see section 149.

 (3) Subsections 1274(2) and (5) apply to the record of the company's registration referred to in paragraph (1)(b) as if they were a document lodged with ASIC.