THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2J - TRANSACTIONS AFFECTING SHARE CAPITAL

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History

Chapter 2J inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

PART 2J.2 - SELF-ACQUISITION AND CONTROL OF SHARES

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History

Part 2J.2 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 259A   DIRECTLY ACQUIRING OWN SHARES  

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259A     A company must not acquire shares (or units of shares) in itself except:

(a)  in buying back shares under section 257A; or

(b)  in acquiring an interest (other than a legal interest) in fully-paid shares in the company if no consideration is given for the acquisition by the company or an entity it controls; or

(c)  under a court order; or

(d)  in circumstances covered by subsection 259B(2) or (3).

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History

S 259A inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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