Andrew is a corporate lawyer and company director with more than 20 years’ experience.  He specialises in mergers and acquisitions, divestment and capital raising transactions for small and medium...

Richard is a commercial lawyer with more than 25 years’ experience in both private practice and in-house roles. He is a contract and commercial law specialist.

Richard advises clients on a range of...

James has over 25 years’ experience as a corporate lawyer in Australia and the United Kingdom, specialising in mergers and acquisitions, capital raising and corporate structuring.  He combines...

Derek Charge Managing Principal

Derek combines more than 15 years’ experience in legal practice (former Partner of a National Law Firm and Corporate Counsel with an ASX listed Company) with 10 years’ as a senior executive in...

Financial Assistance – can a company help someone to buy its own shares?

Financial Assistance – can a company help someone to buy its own shares?

James Stevenson 28/04/2021

A company is restricted from financially assisting a person to acquire its shares unless it complies with section 260A of the Corporations Act 2001 (Cth) (Act). This article outlines the key considerations in determining whether financial assistance is being given by a company and identifies how to ensure compliance with the provisions of the Act.