What does NL Mean?

Submitted by Share Trading on Thu, 21/05/2009 - 01:01

Some companies which are listed on the Australian stock exchange have the suffix NL. What does N.L. Mean?

I've long wondered why some companies that are listed on the Australian sharemarket have the NL suffix to their company name. What does N.L. mean? A company name must indicate the company's legal status. A proprietary company must include the word 'Proprietary' or the abbreviation 'Pty' in its name. A company must also indicate the liability of its members in its name:

  • if the liability is limited, the company name must end with the word 'Limited' or the abbreviation 'Ltd'
  • if there is no liability, the company must end its name with the words 'No liability' or the abbreviation 'N.L.'.
  • However liability doesn't have to be shown if the company has been formed for non-commercial objectives, such as a charity or benevolent organisation.
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