Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Securities Commission is to be taken:
(a) to have been required to grant the application mentioned in paragraph 27C(1)(a) and to register the Commonwealth Bank as a company under subsection 86(2) of the Companies Act 1981 ; and
(b) to have granted the application at the conversion time; and
(c) to have so registered the Commonwealth Bank, at the conversion time:
(i) by the name "Commonwealth Bank of Australia"; and
(ii) in accordance with subsections 86(3) and (4) of the Companies Act 1981 , as a public company, and as a company limited by shares, within the meaning of that Act; and
(d) to have registered the name "Commonwealth Bank of Australia" in relation to the Commonwealth Bank at the conversion time, under subsection 55(4) of the Companies Act 1981 .
(2) The date of commencement of the Commonwealth Bank's registration as a company under Division 4 of Part III of the Companies Act 1981 is to be taken to be the day on which the conversion time occurs.
(3) For the purposes of Division 4 of Part III of the Companies Act 1981 , the Commonwealth Bank shall be taken to have been on the day before the conversion time, and to be at the conversion time, a corporation within the meaning of that Act.