Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Shares in the capital of a company to which there are attached the same rights, including the following rights:
(a) rights in respect of voting;
(b) rights in respect of dividends;
(c) rights in respect of distribution of share capital in consequence of a reduction of share capital;
(d) rights in respect of distribution of the property of the company in the event of the winding up of the company;
constitute a class of shares for the purposes of this Division, and no other shares in the capital of the company constitute a class of shares for such purposes.
(2) Notwithstanding anything contained in subsection (1),
a share in the capital of a company to be allotted upon the exercise of the
option to convert given under the terms applicable to a convertible note shall
not, for the purposes of this Division, be deemed to be a share of a different
class from a share in the capital of the company already allotted by reason
only that during the period of one year after the allotment of the first -
mentioned share, any dividend payable in respect of the share will or may be
less than any dividend payable in respect of the second - mentioned share.