Corporations Act 2001
Note: This Chapter is modified for CCIVs: see Division 2 of Part 8B.4 .
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Hide history noteNote: This Division applies to a CCIV with modifications: see section 1231H .
A company may reduce its share capital by cancelling any paid-up share capital that is lost or is not represented by available assets.
(a) the company also cancels shares; or
(b) the cancellation of paid-up share capital is inconsistent with the requirements of any accounting standard.
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