11Limitation on sale of shares

### 11 Limitation on sale of shares > > (1)  [*\[Section 11 Subsection (1) amended by No. 20 of 2025, s. 24, Applied:27 Nov 2025\]*](/view/html/inforce/2025-11-27/act-2025-020#GS24@Hpb@EN) [*\[Section 11 Subsection (1) amended by No. 20 of 2025, s. 24, Applied:27 Nov 2025\]*](/view/html/inforce/2025-11-27/act-2025-020#GS24@Hpa@EN) The members of the Corporation may not sell or otherwise dispose of the shares in the Corporation held by them unless a motion approving the sale or disposal is approved by at least two-thirds of the members of each House of Parliament. > > > (2)  [*\[Section 11 Subsection (2) omitted by No. 20 of 2025, s. 24, Applied:27 Nov 2025\]*](/view/html/inforce/2025-11-27/act-2025-020#GS24@Hpc@EN) .  .  .  .  .  .  .  .   > > > (3)  The members of the Corporation must not vote at a meeting of the shareholders of the Corporation to allow the Corporation to – > > > > > > (a) offer shares in the Corporation for subscription; or > > > > > > > (b) grant options over unissued shares in the Corporation; or > > > > > > > (c) invite persons to subscribe for shares in the Corporation; or > > > > > > > (d) allot or issue shares in the Corporation on a basis other than to existing shareholders pro rata to their existing shareholdings. > > > (4)  In [subsection (3)](#GS11@Gs3@EN) , a reference to shares includes a reference to shares of a kind specified in section 254A(1) of the Corporations Act.