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CORPORATIONS ACT 2001

CHAPTER 2H - SHARES  

PART 2H.5 - DIVIDENDS  

SECTION 254U  OTHER PROVISIONS ABOUT PAYING DIVIDENDS (REPLACEABLE RULE - SEE SECTION 135)  

254U(1)  [Directors may fix certain matters]  


The directors may determine that a dividend is payable and fix:


(a) the amount; and


(b) the time for payment; and


(c) the method of payment.

The methods of payment may include the payment of cash, the issue of shares, the grant of options and the transfer of assets.

254U(2)  [Interest]  


Interest is not payable on a dividend.

 



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