Corporations Act 2001
A company registered under this Part must modify its constitution within 3 months after registration to give effect to this Part.
601BH(2) [ Foreign currency]If the constitution specifies amounts of money expressed in foreign currency, the company must:
(a) fix a single rate of conversion by resolution; and
(b) modify its constitution by special resolution to convert those amounts into Australian currency using that rate.
The modification must be made within 3 months after registration.
601BH(2A) [ Strict liability offence]An offence based on subsection (1) or (2) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
View history note
Hide history noteAn amendment of a company's constitution under this section does not affect the number and class of shares held by each member.
[ CCH Note: The next section is s 601BJ.]
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