Notice to ASIC of share cancellation
(1) Within 1 month after shares are cancelled, the company must lodge with ASIC a notice in the prescribed form that sets out: (a) the number of shares cancelled; and (b) any amount paid by the company (in cash or otherwise) on the cancellation of the shares; and (c) if the shares are cancelled following a share buy‑back—the amount paid by the company (in cash or otherwise) on the buy‑back; and (d) if the company has different classes of shares—the class to which each cancelled share belonged; and (e) if the company is a proprietary company that has made one or more CSF offers—whether the cancellation has resulted in the company ceasing to have any CSF shareholders. Note: Provisions under which shares are cancelled include section 254J (redeemable preference shares), section 256B (capital reductions), subsection 257H(3) (shares a company has bought back), section 258D (forfeited shares), and subsections 258E(2) and (3) (shares returned to a company). (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code.
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.
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