5Share capital of GIO

#### 5 Share capital of GIO 5 Share capital of GIO > > (1) As from the commencement of this Part, GIO is to have a share capital. > > > (2) The nominal share capital is to be $1,000,000,000. The amount of the issued share capital is to be equal to the amount that section 6 requires to be applied in paying up shares in GIO. > > > (3) The share capital is to be divided into shares of $1 each. > > > (4) The share capital may be divided into classes of shares. > > > (5) Rights may be attached to shares included in a class of shares. > > > (6) Anything done under subsection (4) or (5) is to be done by the Minister by order in writing. > > > (7) This section has effect for the purposes of this Act despite anything to the contrary in section 7B (2) of the GIO Act. > > > (8) As from the conversion, this section has effect subject to the [Corporations Law](/view/html/inforce/current/sl-1999-0703) and to the memorandum and articles of association of GIO.