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Home/Legislation/Corporations Act 2001/256A

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Corporations Act 2001

256APurpose

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#### 256A Purpose This Part states the rules to be followed by a company for reductions in share capital and for share buy‑backs. The rules are designed to protect the interests of shareholders and creditors by: (a) addressing the risk of these transactions leading to the company’s insolvency (b) seeking to ensure fairness between the company’s shareholders (c) requiring the company to disclose all material information.

Previous sectionPart 2J.1—Share capital reductions and share buy‑backs Next section256BCompany may make reduction not otherwise authorised

Section 256A - Corporations Act 2001 - Purpose — Zoe