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Australia was founded by the English as a place to house the overpopulated convicts. This is where Australia Day originates from
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The discovery of gold in 1851 changed the direction of the Australian economy. The discovery led to increased immigration, which put a burden on the gold supply. This in turn led to the resumption of wool as the principal provider of economic growth by 1860. Actual estimates of populations of the time indicate that the population of 400,000 at the start of the decade increased to 1,000,000 by 1860
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This was based on the companies act of England
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Introduced the no liability company as an option for mining ventures. Formalised the practice of forfeiture of partly paid shares upon failure to pay calls for mining companies, the substance of which is still operative today under the Corporations Act 2001 (Cth)
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the Federal Bank collapses; many financial institutions, including several major ones, suspend trading
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Distinguished between public companies and proprietary companies and required, in respect of public companies, compulsory audit and annual presentation of accounts
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Narrowing of s 51(xx) of the Constitution. Federal power in respect to corporations limited to foreign corporations and trading and financial corporations created by State legislation. (CLR available from Thomson LegalOnline)
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Between 1960-1962 All States brought in the Uniform Act