According to AASB 133 for shares to be considered as being issued for no consideration,the price paid for the shares would need to be:

Question

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Shares are considered issued for no consideration if the price paid for them is less than the market price, indicating that the shares are issued at a discount or given as a bonus, without actual consideration being received that reflects their full market value.

According to AASB 133 for Shares to Be Considered as Being