Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) As from the conversion time, the proposed memorandum, and the proposed articles, lodged under paragraph 27C(1)(c):
(a) are respectively the memorandum, and the articles, of the Commonwealth Bank; and
(b) bind the Commonwealth Bank and its members accordingly.
(2) As from the conversion time, the Companies Act 1981 applies in relation to the Commonwealth Bank's memorandum and articles as if they had been registered as such under that Act.