Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 254U

  (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.