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.