(1) A company may have a common seal. If a company does have a common seal, the company must set out on it:

(a)

for a company that has its ACN in its name—the company's name; or

(b)

otherwise—the company's name, the expression "Australian Company Number" and the company's ACN.

Note 1: A company may make contracts and execute documents without using a seal (see sections 126 and 127).

Note 2: For abbreviations that can be used on a seal, see section 149.

(2) A company may have a duplicate common seal. The duplicate must be a copy of the common seal with the words "duplicate seal", "share seal" or "certificate seal" added. (3) A person must not use, or authorise the use of, a seal that purports to be the common seal of a company or a duplicate if the seal does not comply with the requirements set out in subsection (1) or (2).