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body corporate

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artificial person

Overview page. Subjects: Accounting.

An entity that is recognized by the law as a legal person, i.e. one having legal rights and duties distinct from the individuals who comprise it. For example, a company is a person in the...

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common property

Overview page. Subjects: Law.

A term used in relation to the areas on a plan of subdivision (e.g. strata titles) which is owned by a body corporate or owners' corporation, being the areas of ...

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company

Overview page. Subjects: Economics.

A form of organization for a business, with a legal personality distinct from the individuals taking part in it. This has been found essential in organizing large and complex businesses....

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corporate accused

Overview page. Subjects: Law.

Where criminal offences may be committed by corporations, a criminal accused is an accused that is a body corporate (see e.g. Criminal Code Act 1995 (Cth) Part 2.5, Corporate criminal...

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land trusts

Overview page. Subjects: Law.

Bodies corporate created (e.g. under Aboriginal Lands Trust Act 1966 (SA)) to hold title to land for the benefit of Aboriginal people entitled by tradition to the use or occupation ...

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legal entity

Overview page. Subjects: Law.

(person)

An entity recognised by law as able to enter into contractual relations with other legal entities, and able to be sued. Thus, an artificial entity such as an body ...

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owners' corporation

Overview page. Subjects: Law.

A body corporate regulated by state strata titles or subdivision legislation, which comes into existence on the registration of a strata title plan or plan of subdivision. The body...

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person

Overview page. Subjects: Arts and Humanities.

One of the central problems of metaphysics is what it is to be a person. The answer ought to account for central phenomena of personhood; rationality, command of language,...

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settlement

Overview page. Subjects: Law.

In conveyancing practice settlement is the finalisation of a transaction such as a sale of land or a mortgage by a simultaneous exchange of title documents and money at a ...

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statutory company

Overview page. Subjects: Law.

A company incorporated by the promotion of a private Act of Parliament. Compare registered company.

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undertaking

Overview page. Subjects: Law — Accounting.

A body corporate, partnership, or an unincorporated association carrying on a trade or business with a view to making a profit.

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