Section 254C — Corporations Act 2001 (Cth)

No par value shares

Shares of a company have no par value.

Note: The Part 10.1 transitional provisions contain provisions that deal with the introduction of no par value shares. See also subsection 169(4).

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 253UG — Record‑keeping for reports on polls
s 254A — Power to issue bonus, partly‑paid, preference and redeemable preference shares
s 254B — Terms of issue
s 254D — Pre‑emption for existing shareholders on issue of shares in proprietary company (replaceable rule—see section 135)
s 254E — Court validation of issue
s 254F — Bearer shares and stock must not be issued

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