THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 10A - Changes resulting from Schedule 5 to the Company Law Review Act 1998

SECTION 1445   SHARE CAPITAL-REFERENCES TO AMOUNT PAID ON SHARES ISSUED BEFORE COMMENCEMENT  

1445     For the purposes of the operation of this Law after commencement in relation to a share issued before commencement:

(a)  the amount paid on the share is the sum of all amounts paid to the company at any time for the share (but not including any premium); and

(b)  the amount unpaid on the share is the difference between the issue price of the share (but not including any premium) and the amount paid on the share (see paragraph (a)).