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 2
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Transactions affecting share capital
Subdivision A
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Reductions in share capital and share buy-backs
SECTION 1231D
1231D
AUTHORISED REDUCTIONS
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SHARE REDEMPTIONS
A CCIV may reduce its share capital if: (a) the reduction is involved in the redemption of a redeemable share or a redeemable preference share; and (b) the redemption complies with section 1230F ; and (c) for a retail CCIV - the redemption also complies with section 1230G .
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.
A CCIV may reduce its share capital if: (a) the reduction is involved in the redemption of a redeemable share or a redeemable preference share; and (b) the redemption complies with section 1230F ; and (c) for a retail CCIV - the redemption also complies with section 1230G .
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