Commonwealth Consolidated Acts Commonwealth Consolidated ActsA 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
(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 .