Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 147

147. (1) There may, in the case of a close corporation that is registered
under this Division as a company limited by shares but not as a proprietary
company, and there shall, in the case of a close corporation that is
registered under this Division as a company limited both by shares and by
guarantee or as an unlimited company, be registered with the company's
memorandum, articles signed by the subscribers to the memorandum prescribing
regulations for the company.

(2) At any time before the registration of a close corporation under this
Division as a company limited by shares and as a proprietary company, the
subscribers to the company's memorandum may sign articles prescribing
regulations for the company.

(3) Where, as at the registration of a close corporation under this Division
as a company limited by shares and as a proprietary company, no articles
prescribing regulations for the company have been signed under subsection (2),
the company may, at any time after that registration, make such articles by
special resolution.

(4) Articles shall be:

   (a)  printed;

   (b)  divided into numbered paragraphs; and

   (c)  unless made under subsection (3)-signed by each subscriber to the
        memorandum in the presence of at least one witness (not being another
        subscriber).

(5) A witness to a signature to the articles of a subscriber to the memorandum
shall attest the signature and add his or her address.