This bill amends the Companies Act 1993 to give clarification of dividend rules outlined in sections 36 and 53, where there is currently doubt about the ability of a company constitution to provide for "dry shares".
Royal Assent given 16 November 2019.
Enacted as the Companies (Clarification of Dividend Rules in Companies) Amendment Act 2019 (2019/68)
Passed by a majority of 10 votes (65 ayes, 55 noes, 0 abstentions)
|Bill type||Member's bill|
|Introduced||5 April 2018|
|First reading||8 August 2018|
|Select Committee||Primary Production Committee|
|Public submissions due||27 September 2018|
|Select Committee report back||12 April 2019|
|Second reading||26 June 2019|
|Committee of the whole House||23 October 2019|
|Third reading||13 November 2019|
|Royal Assent||16 November 2019|
|Enacted as||Companies (Clarification of Dividend Rules in Companies) Amendment Act 2019 (2019/68)|
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