Corporations Amendment (Corporate Reporting Reform) Act 2010 (66 of 2010)
Schedule 1 Amendments relating to the Corporations Act 2001
Part 1 Main amendments
Corporations Act 2001
10 At the end of section 258F
Add:
(2) This power does not apply if:
(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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