Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1230D

Redemptions to which this Subdivision applies

  (1)   This Subdivision applies to both of the following:

  (a)   a redemption by a CCIV of a redeemable share;

  (b)   a redemption by a CCIV of a redeemable preference share.

Note:   A CCIV may reduce its share capital if the reduction results from a redemption permitted by this Subdivision: see section   1231D.

  (2)   Part   2H.2 does not apply to the redemption of redeemable preference shares in a CCIV.


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