southerncross said:The constitution itself XB , which is 100% more than what you have referenced,
Sheesh, I've referenced the constitution several times, as well as the powers of the States under the Consitution, and several other issues. You referenced one section which was irrelevant to the discussion.
Post 31. And I don't believe it's opinion, it's the position I believe it to be (ok maybe that is opinionsoutherncross said:Please at least reference the question/s you want me to answer, I have seen a lot of opinion but no Why How apart from #36 above.
It's a registration of an an entity (not necessarily a corporation) which has or wants American Depostirory Recepits (ie placing cash or Bonds with or buying cash or Bonds in the USA), as referenced by the SIC 8880. It has nothing to do with a company or "corporation" as such. It is a mechanism to allow foreign governments and other entities to register under the 1934 SEC laws to permit them to conduct securities related activites (predominately the buying and/or issuance of Bonds) within the USA.southerncross said:- how the "corporation" is formed,
COMMONWEALTH OF AUSTRALIA CIK#: 0000805157 (see all company filings)
SIC: 8880 - UNKNOWN SIC - 8880
State location: DC | Fiscal Year End: 0630
(Assistant Director Office: 99) If that is not a company then what is ?
You have stated (below) that you've read the documents. You would know then that the "Annual Returns" are filed each year and are basically nothing more than the budget (as presented by the treasurer and finance minister), financial details about the banking system - the roles of the 2 boards of the RBA, APRA etc, and general statistics about Australia - the political system and governance, population, housing, wages etc, basically gathered from the publicly available statistics.southerncross said:- how the registration with the SEC is relevant,
As stated before , is the Parliament of Australia administered under corporate or common law ?
44. Any person who--
(i. ) Is under any acknowledgment of allegiance, obedience, or adherence to a foreign power,
or is a subject or a citizen or entitled to the rights or privileges of a subject or citizen of a
foreign power:
(v. ) Has any direct or indirect pecuniary interest in any agreement with the Public Service
of the Commonwealth otherwise than as a member and in common with the other members
of an incorporated company consisting of more than twenty-five persons:
You would also know that the other documents lodged on an as needed basis are basically guarantees from the commonwealth for state bond issuances or borrowings.
Nothing in them creates a company. Nothing in them is basically anything other than publicly available information.
But this is where you lose me. How do you make the leap to say these documents create a corporation? I truly do not understand how you make this jump. I've read several of the annual returns and apart from being a statement about equivalent to Year 10 Social Studies about how Australia is governed and statistic filled, mind-numbingly boring recitations of the budget and average house prices and wages, I have found nothing which even hints at the creation of a company.
But somehow you have an idea that the registration of these documents has created a company and I genuinely do not understand how you make that claim, hence the question, how is the registration relevant.
You then give me S44(i) - the implication being that there IS a foreign company and as a consequence no member of Parliament is entitled to hold office. But where and how is this company formed? It's not formed as a company in the USA, so where was it formed? If I accept for the sake of argument that there is a company registered with the SEC (which I don't) then that company must have been formed in Australia and registered in the USA as a foreign company to THAT jurisdiction ie foreign within the USA but domestic within Australia. So it can't be a foreign company that way. So how do you get from a foreign (within USA) government registering with the SEC (not a company mind but a government) to a foreign corporation?
Or are you saying that this corporation was formed by the US government ie a "foreign power"? On what basis and with what evidence could you make such a claim?
You've also included S44(v) which again gives me the impression you hold an alternate position, namely that if it's not a foreign corporation, it must be a corporation formed in Australia and that the shareholders (ie the members) are not eligible to serve in the Parliament. If that were the case it would have had to register with ASIC (or a predecessor). Where when and how was this domestic company formed, and who are the shadowy shareholders? I've searched but not found anything. What have you found, I am interested to know. And don't just say that it has an ABN so it must be a "business" as that is a furphy and the ABN registration is just a mechanism for dealing with GST (a totally different topic for a discussion another time) and does not prove the creation of this company. Where is the Certificate of Incorporation?
Greatsoutherncross said:- that you have actually read the documents lodged, In the SEC listing ? Yes and some.
I probably asked the wrong question there. It was not so much the sections of US law, but more the nature and purpose of the forms, the SIC codes and the bases upon which governments are required to or entitled to lodge documents, and the purposes of each document. I apologise for that. So that I am fair, here's the info...southerncross said:- that you have read the sections of the 1934 SEC law in the USA under which the documents were lodged, No... reference please.
The SEC lodgment codes and Form explanations are on the site.... For example:
Form 18-K lists the requirements for lodgment of the Annual Returns "For Foreign Governments and Political Subdivisions Thereof"
Form 424b3 while termed a Prospectus is a basically a Guarantee from the Federal Treasurer for the securities lending (Bonds) issued by State Governments and their bodies (here's an example of one for the Qld Treasury Corporation)
Form 424b2 is a Prospectus for issuance of government bonds (I hadn't noticed any recently from Aus but there have been some Bond issuances from Canada and here's an example)
The Standard Industry Classification codes or SIC codes describe the nature of the entity lodging the form. SIC 8880 is for "American Depository Receipts" ie money/Bonds sought to be deposited to US accounts and Federal Reserves or acquired from them.
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I also apologise for the delay in responding to your post. My modem is playing up.... well more particularly I think it's bloody Optus, and it's giving me the shits