CORPORATIONS ACT 2001 - SECT 1231D Authorised reductions--share redemptions
CORPORATIONS ACT 2001 - SECT 1231D
Authorised reductions--share redemptionsA 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.