Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) As from the commencement of this section, the transferring body shall have a share capital.
(2) Subject to sections 13 and 14, the amount of the share capital shall be equal to the amount that subsection 11(1) requires to be applied as mentioned in that subsection.
(3) Subject to section 13, the share capital shall be divided into shares of 50 cents each.
(4) As from the transition, this section has effect subject to the Companies Act 1981 .