Corporate form
CEA Technologies is:
- an unlisted proprietary company limited by shares incorporated under the Corporations Act and
- a non-wholly-owned Commonwealth Company for the purposes of the PGPA Act.
CEA Technologies is majority owned by the Australian Government. The Commonwealth’s interests are represented by two Shareholder Ministers, the Minister for Finance and the Minister for Defence.
Enabling legislation
There is no separate enabling legislation for CEA Technologies.
Constituent documents
CEA Technologies has adopted a constitution, the key features of which include:
- a statement of objects
- powers and obligations bestowed on Directors of CEA Technologies
- obligations relating to the issuance of shares and payment of dividends
- corporate indemnity for Directors and
- procedures for appointment and remuneration for Directors.
Capital structure
CEA Technologies has fully paid ordinary shares on issue. The majority of shares (71.84%) a re held by the Commonwealth. With the remaining (28.16% ) held by a sole remaining shareholder.
CEA Technologies has access to financial borrowings in the form of:
- banking facilities; and
- loans.
