Document ID: chunk:federal_register_of_legislation:C2025C00185:section:259a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 259A
Character Range: 916328–916923

259A  Directly acquiring own shares
  A company must not acquire shares (or units of shares) in itself except:
 (a) in buying back shares under section 257A; or
 (b) in acquiring an interest (other than a legal interest) in fully‑paid shares in the company if no consideration is given for the acquisition by the company or an entity it controls; or
 (c) under a court order; or
 (d) in circumstances covered by subsection 259B(2) or (3).
Note: For the criminal liability of a person dishonestly involved in a contravention of this section, see subsection 259F(3). Section 79 defines involved.