What does the Australian Constitution state about Australian companies?Which is the best answer?

Only the Commonwealth has power to make regulations over Australian companies under the Australian ConstitutionThe States of Australia have exclusive power to create legislation which regulates Australian companies; the states have handed this power to the CommonwealthUnder the Australian Constitution the power of corporations is a shared power between the Commonwealth and the statesThe Australian Constitution grants supreme power to make company law to the states within Australia

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