Corporations Act 2001
CHAPTER 8B
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CORPORATE COLLECTIVE INVESTMENT VEHICLES
PART 8B.4
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CORPORATE FINANCE, FINANCIAL REPORTING AND SUSTAINABILITY REPORTING FOR CCIVs
Division 1
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Shares
Subdivision F
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Cross-investment between sub-funds of a CCIV
SECTION 1230U
1230U
CROSS-INVESTMENT BETWEEN SUB-FUNDS IS NOT A SHARE BUY-BACK
For the purposes of section 1231C and Division 2 of Part 2J.1 , the acquisition by a CCIV of any of its shares is not a buy-back of the share if: (a) the acquisition is in respect of a sub-fund of the CCIV; and (b) the share is referable to another of the CCIV ' s sub-funds.
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.4 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (CCIV Auditors) Instrument 2024/668.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 8B.4, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
For the purposes of section 1231C and Division 2 of Part 2J.1 , the acquisition by a CCIV of any of its shares is not a buy-back of the share if: (a) the acquisition is in respect of a sub-fund of the CCIV; and (b) the share is referable to another of the CCIV ' s sub-funds.
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