CTHIn ForceAct
Commonwealth Banks Act 1959
27AShare capital of Commonwealth Bank
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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.