Document ID: chunk:federal_register_of_legislation:C2025C00014:section:82q
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 82Q
Character Range: 577181–578368

82Q  Classes of shares
 (1) Shares in the capital of a company to which there are attached the same rights, including the following rights:
 (a) rights in respect of voting;
 (b) rights in respect of dividends;
 (c) rights in respect of distribution of share capital in consequence of a reduction of share capital;
 (d) rights in respect of distribution of the property of the company in the event of the winding up of the company;
constitute a class of shares for the purposes of this Division, and no other shares in the capital of the company constitute a class of shares for such purposes.
 (2) Notwithstanding anything contained in subsection (1), a share in the capital of a company to be allotted upon the exercise of the option to convert given under the terms applicable to a convertible note shall not, for the purposes of this Division, be deemed to be a share of a different class from a share in the capital of the company already allotted by reason only that during the period of one year after the allotment of the first‑mentioned share, any dividend payable in respect of the share will or may be less than any dividend payable in respect of the second‑mentioned share.