CORPORATIONS ACT 2001 - SECT 1230U Cross - investment between sub - funds is not a share buy - back
CORPORATIONS ACT 2001 - SECT 1230U
Cross - investment between sub - funds is not a share buy - backFor the purposes of section 1231C and Division 2 of Part 2J.1, the acquisition by a CCIV of any of its shares is not a buy - back of the share if:
(a) the acquisition is in respect of a sub - fund of the CCIV; and
(b) the share is referable to another of the CCIV's sub -
funds.