Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE AND FINANCIAL REPORTING FOR CCIVs  

Division 2 - Transactions affecting share capital  

Subdivision A - Reductions in share capital and share buy-backs  

SECTION 1231D  

1231D   AUTHORISED REDUCTIONS - 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 .


 

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