Statute
Section 254U — Corporations Act 2001: Other provisions about paying dividends (replaceable rule—see section 135)
Text of the provision Official document
(1) The directors may determine that a dividend is payable and fix: (a) the amount; and (b) the time for payment; and (c) the method of payment. The methods of payment may include the payment of cash, the issue of shares, the grant of options and the transfer of assets. (2) Interest is not payable on a dividend.
Official source: Federal Register of Legislation
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