Key points
The constitution sets the redemption terms. If redemption uses company capital, all directors must make a solvency statement and file it with ACRA. The guide distinguishes funding from a new share issue specifically made for the redemption, which does not attract those capital-redemption requirements. File the redemption notice through the share-information service; the listed transaction is free.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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