Statute
Section 1230U — Corporations Act 2001: Cross-investment between sub-funds is not a share buy-back
Text of the provision Official document
For 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.
Official source: Federal Register of Legislation
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