Document ID: chunk:federal_register_of_legislation:C2004A05288:clause:1_55l
Version: federal_register_of_legislation:C2004A05288
Segment Type: clause
Provision Reference: sch 1 cl 55L
Character Range: 44236–45861

55L  Objects of nominated company C

 (1) The constitution of nominated company C must include the following as objects of the company:
 (a) to trade in wheat in the course of, or for the purposes of:
 (i) trade and commerce amongst the States; or
 (ii) trade and commerce between a State and a Territory or between Territories; or
 (iii) trade and commerce within a Territory;
 (b) to export grain other than wheat, and to trade in such grain, in the course of, or for the purposes of:
 (i) trade and commerce with foreign countries; or
 (ii) trade and commerce amongst the States; or
 (iii) trade and commerce between a State and a Territory or between Territories; or
 (iv) trade and commerce within a Territory;
 (c) to export grain products, and to trade in such products, in the course of, or for the purposes of:
 (i) trade and commerce with foreign countries; or
 (ii) trade and commerce amongst the States; or
 (iii) trade and commerce between a State and a Territory or between Territories; or
 (iv) trade and commerce within a Territory;
 (d) to promote, fund or undertake research into matters related to:
 (i) the marketing of grain; or
 (ii) value adding activities;
 (e) to do anything incidental to or conducive to any of the above objects.

 (2) Subsection (1) does not limit the objects that may be set out in the constitution of nominated company C.

 (3) Subsection (1) does not, by implication, affect the powers and capacities of nominated company C under the Corporations Law.

Note: Nominated company C may perform functions conferred on it by State laws—see section 55T.

Division 4—Miscellaneous