THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 254T DIVIDENDS TO BE PAID OUT OF PROFITS

254T A dividend may only be paid out of profits of the company.

For a director's duty to prevent insolvent trading on payment of dividends, see section 588G.