creditors. This was particularly useful when NL status was first introduced. No Liability companies which discovered a payable deposit of ore would normally convert to Limited status as this facilitated the financing of that mine. Stock exchange Companies in Australia listed on the ASX have a three-character symbol. NL companies may have more than one class of contributing shares. A typical set of symbols might be: XYZ – fully paid XYZCA – contributing shares class A XYZCB – contributing shares class B The code does not distinguish between No Liability companies and ordinary companies, only the full company name does that. References Types of business entity Australian corporate law Mining in Australia Mining law and governance