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Home/Legislation/Corporations Act 2001/258F

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Corporations Act 2001

258FReductions because of lost capital

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#### 258F Reductions because of lost capital (1) A company may reduce its share capital by cancelling any paid‑up share capital that is lost or is not represented by available assets. (2) This power does not apply if: (a) the company also cancels shares; or (b) the cancellation of paid‑up share capital is inconsistent with the requirements of any accounting standard.

Previous section258EOther share cancellations Next section258GApplication of this Part to MCI mutual entities

Section 258F - Corporations Act 2001 - Reductions because of lost capital — Zoe