Corporations Act 2001
Note: See section 1465A.
[ CCH Note: The reference to " section 1465A " is a reference to the former Corporations Law.]
(a) any amount of withdrawable share capital (within the meaning of the Financial Institutions Code of the State or Territory); and
(b) any amount standing to the credit of its share premium account; and
(c) any amount standing to the credit of its capital redemption reserve;
immediately before the transfer date became part of the company ' s share capital under clause 17 of the transfer provisions.17(2) Use of amount standing to credit of share premium account.
(a) provide for the premium payable on redemption of debentures or redeemable preference shares issued before the transfer date; or
(b) write off:
(i) the preliminary expenses of the institution incurred before the transfer date; or
(ii) expenses incurred, payments made, or discounts allowed before the transfer date, in respect of any issue of shares in, or debentures of, the institution.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.