Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 (87 of 2024)

Schedule 1   Financial market infrastructure: resolution authority

Part 2   Crisis prevention

Corporations Act 2001

24   Section 9

Insert:

recapitalises : a body corporate recapitalises if the body corporate:

(a) increases the body corporate's level of share capital; or

(b) issues one or more classes of shares, or one or more classes of rights to acquire shares, in the body corporate; or

(c) issues capital instruments; or

(d) acquires, cancels or sells:

(i) shares in the body corporate; or

(ii) rights to acquire shares in the body corporate; or

(e) reduces the body corporate's share capital; or

(f) varies or cancels rights or restrictions attached to shares in a class of shares in the body corporate.