Section 1231D — Corporations Act 2001 (Cth)

Authorised reductions—share redemptions

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.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1231A — CCIV may make reduction not otherwise authorised
s 1231B — Consequences of making an unauthorised reduction
s 1231C — A CCIV’s power to buy back its own shares
s 1231E — Authorised reductions—regulations
s 1231F — Authorised reductions—Court orders
s 1231G — Authorised reductions—return of financial product

Research how courts apply s 1231D

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free