CTHIn ForceAct
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.