As Filed with the Securities and Exchange Commission on November 3, 2004.
                                                          Registration No.  333-
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                                    FORM F-6
                             REGISTRATION STATEMENT
                                      under
                           THE SECURITIES ACT OF 1933
         For Depositary Shares Evidenced by American Depositary Receipts

                                   ----------

                                ALCHEMIA LIMITED
                               (ABN 43071 666 334)
   (Exact name of issuer of deposited securities as specified in its charter)

                                      N.A.
                   (Translation of issuer's name into English)

                            Commonwealth of Australia
            (Jurisdiction of incorporation or organization of issuer)

                              THE BANK OF NEW YORK
             (Exact name of depositary as specified in its charter)

                      One Wall Street, New York, N.Y. 10286
                            Telephone (212) 495-1784
    (Address, including zip code, and telephone number, including area code,
                  of depositary's principal executive offices)

                                   ----------

                              The Bank of New York
                         101 Barclay Street, 22nd Floor
                               New York, NY 10286
                            Telephone (212)-815-2095
               (Address, including zip code, and telephone number,
                   including area code, of agent for service)

                        For Further Information Contact:

                              The Bank of New York
                         101 Barclay Street, 22nd Floor
                               New York, NY 10286
                            Telephone (212) 815-2095

         It is proposed that this filing become effective under Rule 466
                           |X| immediately upon filing
                             |_| on (Date) at (Time)

             If a separate statement has been filed to register the
                 deposited shares, check the following box. |_|

                         CALCULATION OF REGISTRATION FEE



==================================================================================================================================

                                                                           Proposed maximum    Proposed maximum
              Title of each class of                       Amount to       Aggregate price    aggregate offering      Amount of
            Securities to be registered                  be registered       per unit (1)         price (1)       registration fee
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                                        
American Depositary Shares evidenced by American           10,000,000            $.05             $500,000          $63.35
Depositary Receipts, each American Depositary Share         American
evidencing ten ordinary shares of Alchemia Limited.        Depositary
                                                             Shares
==================================================================================================================================


(1)   Estimated solely for the purpose of calculating the registration fee.
      Pursuant to Rule 457(k), such estimate is computed on the basis of the
      maximum aggregate fees or charges to be imposed in connection with the
      issuance of American Depositary Receipts evidencing American Depositary
      Shares.

- --------------------------------------------------------------------------------



      The Prospectus consists of the proposed form of American Depositary
Receipt included as Exhibit A to the form of Deposit Agreement filed as Exhibit
(a) to this Registration Statement, which is incorporated herein by reference.


                                      -2-


                                     PART I

                       INFORMATION REQUIRED IN PROSPECTUS

Item 1. Description of the Securities to be Registered

                              CROSS REFERENCE SHEET



                                                            Location in Form of
                                                            American Depositary Receipt
         Item Number and Caption                            Filed Herewith as Prospectus
         -----------------------                            ----------------------------
                                                      
(1)      Name and address of Depositary                     Introductory Paragraph

(2)      Title of American Depositary Receipts and          Face of American Depositary Receipt, top center
         identity of deposited securities

         Terms of Deposit:

         (i)      The amount of deposited securities        Face of American Depositary Receipt - upper right
                  represented by one unit of American       corner
                  Depositary Shares

         (ii)     The procedure for voting, if any, the     Paragraphs (15) and (16)
                  deposited securities

         (iii)    The collection and distribution of        Paragraphs (12), (14) and (15)
                  dividends

         (iv)     The transmission of notices, reports      Paragraphs (11), (15) and (16)
                  and proxy soliciting material

         (v)      The sale or exercise of rights            Paragraph (13)

         (vi)     The deposit or sale of securities         Paragraphs (12) and (17)
                  resulting from dividends, splits or
                  plans of reorganization

         (vii)    Amendment, extension or termination of    Paragraphs (20) and (21)
                  the Deposit Agreement

         (viii)   Rights of holders of receipts to          Paragraph (11)
                  inspect the transfer books of the
                  Depositary and the list of holders of
                  receipts

         (ix)     Restrictions upon the right to deposit    Paragraphs (2), (3), (4), (5), (6) and (8)
                  or withdraw the underlying securities



                                      -3-




                                                            Location in Form of
                                                            American Depositary Receipt
         Item Number and Caption                            Filed Herewith as Prospectus
         -----------------------                            ----------------------------
                                                      
         (x)      Limitation upon the liability of the      Paragraphs (13) and (18)
                  Depositary

(3)      Fees and Charges                                   Paragraph (7)


Item 2. Available Information



                                                            Location in Form of
                                                            American Depositary Receipt
         Item Number and Caption                            Filed Herewith as Prospectus
         -----------------------                            ----------------------------
                                                      
2(a)     Statement that Alchemia Limited furnishes the      Paragraph (11)
         Commission with certain public reports and
         documents required by foreign law or otherwise
         under Rule 12g3-2(b) under the Securities
         Exchange Act of 1934 and that such reports and
         documents can be inspected by holders of
         American Depositary Receipts and copied at
         public reference facilities maintained by the
         Commission in Washington, D.C.



                                      -4-


                                     PART II

                     INFORMATION NOT REQUIRED IN PROSPECTUS

Item 3. Exhibits

      (1) Form of Deposit Agreement  (including the form of American  Depositary
Receipt), dated as of  __________________________,  2004, among Alchemia Limited
(the "Issuer"), The Bank of New York, as Depositary (the "Depositary"), and each
Owner and holder  from time to time of  American  Depositary  Receipts  ("ADRs")
issued thereunder.

      (4) Opinion of Emmet, Marvin & Martin, LLP, counsel for the Depositary, as
to the legality of the securities being registered.

      (5) Certification under Rule 466.

Item 4. Undertakings

      (a) The  Depositary  hereby  undertakes to make available at the principal
office of the Depositary in the United States,  for inspection by holders of the
ADRs, any reports and communications received from the Issuer which are both (1)
received by the  Depositary  as the holder of the deposited  securities  and (2)
made  generally  available to the holders of the  underlying  securities  by the
Issuer.

      (b) The Depositary  hereby  undertakes to notify each registered holder of
an ADR at least thirty days before any change in the fee schedule.


                                      -5-


                                   SIGNATURES

      Pursuant to the  requirements  of the  Securities Act of 1933, The Bank of
New York, on behalf of the legal entity created by the Deposit Agreement,  dated
as of  ________________________,  2004, among Alchemia Limited,  The Bank of New
York, as Depositary, and each Owner and holder of an American Depositary Receipt
issued thereunder  certifies that it has reasonable  grounds to believe that all
the  requirements  for  filing  on Form  F-6 are met and has  duly  caused  this
Registration Statement to be signed on its behalf by the undersigned,  thereunto
duly  authorized,  in The City of New York,  State of New York,  on  November 3,
2004.

                                        By: THE BANK OF NEW YORK,
                                                as Depositary

                                        By: \s\ Andrew J. Zelter
                                            ------------------------------------
                                            Name:  Andrew J. Zelter
                                            Title: Managing Director


                                      -6-


      Pursuant  to the  requirements  of the  Securities  Act of 1933,  Alchemia
Limited has caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized in Australia on November 3, 2004.

                                            ALCHEMIA LIMITED

                                        By: /s/ Christopher Neal
                                            ------------------------------------
                                            Name:  Christopher Neal
                                            Title: Company Secretary/CFO

      Each of the undersigned hereby  constitutes and appoints  Christopher Neal
his true and lawful attorney-in-fact,  with power of substitution,  in his name,
place  and  stead,  in any and all  capacities,  to sign any or all  amendments,
including  post-effective  amendments,  and  supplements  to  this  Registration
Statement,  and to file the same, with all exhibits  thereto and other documents
in connection  therewith,  with the Securities and Exchange  Commission,  hereby
ratifying and  confirming all that said  attorney-in-fact,  or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.

      Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
Registration  Statement has been signed by or on behalf of the following persons
in the capacities indicated on November 3, 2004.

Name                                    Title
- ----                                    -----

/s/ Mel Bridges                         Chairman
- ------------------------------------
Mel Bridges

/s/ Tracie Ramsdale                     Managing Director and CEO
- ------------------------------------    (Principal Executive Officer)
Tracie Ramsdale

/s/ Christopher Neal                    Company Secretary
- ------------------------------------    (Principal Accounting and
Christopher Neal                        Financial Officer)

/s/ Peter Andrews                       Director
- ------------------------------------
Peter Andrews

/s/ Kevin Healey                        Director
- ------------------------------------
Kevin Healey

/s/ Errol Malta                         Director
- ------------------------------------
Errol Malta

/s/ Nerolie Withnall                    Director
- ------------------------------------
Nerolie Withnall

/s/ Mark R. Saunders                    Authorized Representative in
- ------------------------------------    the United States
Mark R. Saunders


                                      -7-


                                INDEX TO EXHIBITS

Exhibit
Number
- -------
(1)     Form of Deposit Agreement, dated as of ____________________, 2004, among
        the Issuer,  the  Depositary and each Owner and holder from time to time
        of ADRs issued thereunder.

(4)     Opinion of Emmet, Marvin & Martin,  LLP, counsel for the Depositary,  as
        to the legality of the securities being registered.

(5)     Certification under Rule 466


                                      -8-