Corporations Act 2001
View history note
Hide history noteA retail CCIV that makes a redemption offer under section 1230J must ensure that redemption requests made in response to the offer are satisfied within 21 days after the offer closes.
1230K(2)
No request made under the redemption offer may be satisfied while the offer is still open.
1230K(3)
If an insufficient amount of money is available from the assets specified in the offer to satisfy all requests, the requests are to be satisfied proportionately in accordance with the formula:
| Amount of money available | × | Amount shareholder requested to redeem |
| Total of all amounts shareholders request to redeem |
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