Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 254U

Other provisions about paying dividends (replaceable rule--see section 135)

             (1)  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.

             (2)  Interest is not payable on a dividend.



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