Reductions because of lost capital
(1) A company may reduce its share capital by cancelling any paid‑up share capital that is lost or is not represented by available assets. (2) This power does not apply if: (a) the company also cancels shares; or (b) the cancellation of paid‑up share capital is inconsistent with the requirements of any accounting standard.
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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