Modifications of constitution
(1) A company registered under this Part must modify its constitution within 3 months after registration to give effect to this Part. (2) If the constitution specifies amounts of money expressed in foreign currency, the company must: (a) fix a single rate of conversion by resolution; and (b) modify its constitution by special resolution to convert those amounts into Australian currency using that rate. The modification must be made within 3 months after registration. (2A) An offence based on subsection (1) or (2) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. (3) An amendment of a company’s constitution under this section does not affect the number and class of shares held by each member.
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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