Corporations Act 2001
CHAPTER 2H
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SHARES
PART 2H.5
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DIVIDENDS
SECTION 254U
OTHER PROVISIONS ABOUT PAYING DIVIDENDS
(REPLACEABLE RULE
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SEE SECTION 135)
254U(1)
[
Directors may fix certain matters]
(a) the amount; and
(b) the time for payment; and
(c) the method of payment.
The directors may determine that a dividend is payable and fix:
(a) the amount; and
(b) the time for payment; and
(c) the method of payment.
The methods of payment may include the payment of cash, the issue of shares, the grant of options and the transfer of assets.
254U(2) [ Interest]Interest is not payable on a dividend.
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