THE CORPORATIONS LAW

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES

PART 5B.1 - REGISTERING A BODY CORPORATE AS A COMPANY

Division 2 - Operation of the Corporations Law

SECTION 601BQ   REFERENCES IN PRE-REGISTRATION CONTRACTS AND OTHER DOCUMENTS TO PAR VALUE IN EXISTING CONTRACTS AND DOCUMENTS  

601BQ(1)  [Company registered]  

This section applies in relation to a company registered under this Part for the purpose of interpreting and applying after registration:

(a)  a contract entered into before the registration; or

(b)  a trust deed or other document executed before the registration.

601BQ(2)  [Reference to par value]  

A reference to the par value of a share is taken to be a reference to the par value of the share immediately before the registration, or the par value that the share would have had if it had been issued then.

601BQ(3)  [Right to a return of capital]  

A reference to a right to a return of capital on a share is taken to be a reference to a right to a return of capital of a value equal to the amount paid before the registration in respect of the share's par value, or the par value that the share would have had if it had been issued then.

601BQ(4)  [Aggregate par value]  

A reference to the aggregate par value of the company's issued share capital is taken to be a reference to that aggregate as it existed immediately before the registration.