Document ID: chunk:federal_register_of_legislation:C2025C00185:section:7
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 7
Character Range: 443959–444648

7                                transitional                     the Part 10.1 transitionals

 (3) A no liability company must not engage in activities that are outside its mining purposes objects.
 (4) The directors of a no liability company must not:
 (a) let the whole or proportion of a mine or claim on tribute; or
 (b) make any contract for working any land on tribute;
unless:
 (c) the letting or contract is approved by a special resolution; or
 (d) no such letting or contract has been made within the period of 2 years immediately preceding the proposed letting or contract.
 (5) An act or transaction is not invalid merely because of a contravention of subsection (3) or (4).