Incorporator.com.au - non-fully paid shares - partly paid shares in an Australian coy.

Fully/non fully paid shares

By 'fully paid initially', Incorporator means fully paid immediately on, or immediately following, the incorporation of the company.

Mostly people agree to pay fully for their share(s) initially and thus answer 'Yes' to this question.

However, the amount agreed to be paid per share may, alternatively, be agreed to be payable:

partly on incorporation and partly subsequent to incorporation,
OR
entirely subsequent to incorporation.

If either of the above circumstances apply in your case, your answer to this question should be 'No'.