Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 196

196. (1) Where a company allots shares to which are attached rights that are
not provided for in the memorandum or articles of the company or in a
resolution or document to which section 256 applies, the company shall, unless
the rights attached to the shares are in all respects the same as the rights
attached to shares previously allotted, lodge with the Commission, within one
month after the allotment of the shares, a statement in the prescribed form
relating to those rights.

(2) Where:

   (a)  shares in a company that were not previously divided into classes are
        so divided; or

   (b)  shares in a company that are of one class are converted into shares of
        another class; the company shall, within one month after the division
        or conversion, lodge with the Commission a return in the prescribed
        form showing particulars of the division or conversion.

(3) If a company contravenes this section, the company and any officer of the
company who is in default each contravene this subsection.