Corporations Act 2001

The Corporations Act 2001 is an Australian law that regulates the formation, operation, and governance of companies. It sets out rules for how companies must be managed, ensuring transparency and protecting shareholders and the public. The Act covers various aspects, including company registration, director responsibilities, financial reporting, and the rights of shareholders. It aims to promote fair and efficient markets, prevent corporate misconduct, and ensure that companies operate in a responsible manner. Essentially, it provides a legal framework designed to ensure that businesses run smoothly and ethically in Australia.