Document ID: chunk:federal_register_of_legislation:C2023C00149:section:27a
Version: federal_register_of_legislation:C2023C00149
Segment Type: section
Provision Reference: s 27A
Character Range: 5338–5907

27A  Share capital of Commonwealth Bank
 (1) As from the pre‑conversion time, the Commonwealth Bank is to have a share capital divided into shares of $2 each or such other amount as is prescribed.
 (2) The amount of the share capital is equal to the amount required to be applied under section 27B in paying up shares in the Commonwealth Bank.
 (3) The share capital may be divided into classes of shares.
 (4) Rights may be attached to shares included in a class of shares.
 (5) As from the conversion time, this section has effect subject to the Companies Act 1981.