Section 1231K — Corporations Act 2001 (Cth)

Taking security over own shares

Subsection 259B(3) (about special exemptions for financial institutions) does not apply to a CCIV.

Note: The consequences of contravening subsection 259B(1) are set out in section 259F.

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 1231G — Authorised reductions—return of financial product
s 1231H — Other share capital reductions
s 1231J — Directly acquiring own shares
s 1231L — Part 2J.3 does not apply to a CCIV
s 1231M — Other duties still apply
s 1231N — Debentures can only be issued in respect of sub‑funds

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