Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159gzzzk
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GZZZK
Character Range: 1463741–1464304

159GZZZK  Explanation of terms
  For the purposes of this Division, where a company buys a share in itself from a shareholder in the company:
 (a) the purchase is a buy‑back; and
 (b) the shareholder is the seller; and
 (c) if:
 (i) the share is listed for quotation in the official list of a stock exchange in Australia or elsewhere; and
 (ii) the buy‑back is made in the ordinary course of trading on that stock exchange;
  the buy‑back is an on‑market purchase; and
 (d) if the buy‑back is not covered by paragraph (c)—the buy‑back is an off‑market purchase.