Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1231D

                   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.