THE CORPORATIONS LAW

CHAPTER 2H - SHARES

PART 2H.5 - DIVIDENDS

SECTION 254U   OTHER PROVISIONS ABOUT PAYING DIVIDENDS (replaceable rule - see section 135)  

254U(1)  [Directors may fix certain matters]  

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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