Section 254F — Corporations Act 2001 (Cth)

Bearer shares and stock must not be issued

A company does not have the power to:

(a) issue bearer shares; or

(b) issue stock or convert shares into stock.

Note: The Part 10.1 transitionals contain provisions for the conversion of existing stock into shares.

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 254C — No par value shares
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 254G — Conversion of shares
s 254H — Resolution to convert shares into larger or smaller number
s 254J — Redemption must be in accordance with terms of issue

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