Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A company registered under this Part must modify its constitution within 3 months after registration to give effect to this Part.
(2) If the constitution specifies amounts of money expressed in foreign currency, the company must:
(a) fix a single rate of conversion by resolution; and
(b) modify its constitution by special resolution to convert those amounts into Australian currency using that rate.
The modification must be made within 3 months after registration.
(2A) An offence based on subsection (1) or (2) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
(3) An amendment of a company's constitution under this section does not affect the number and class of shares held by each member.