Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1086

1086. (1) Each share in a company shall be distinguished by an appropriate
number.

(2) Despite subsection (1):

   (a)  if at any time all the issued shares in a company, or all the issued
        shares in a company of a particular class, are fully paid up and rank
        equally for all purposes, none of those shares is required to have a
        distinguishing number so long as each of those shares remains fully
        paid up and ranks equally for all purposes with all shares of the same
        class for the time being issued and fully paid up; or

   (b)  if all the issued shares in a company are evidenced by certificates in
        accordance with the provisions of section 1087, each certificate is
        distinguished by an appropriate number and that number is recorded in
        the register of members, none of those shares is required to have a
        distinguishing number.