For the purposes of this Part a buy-back by a company of its own shares or stocks in accordance with ¾

(a) Division 4B of Part 2.4 of the Corporations Law as in force immediately before the commencement of Schedule 1 to the Company Law Review Act 1998 of the Commonwealth; or

(b) Division 2 of Part 2J.1 of the Corporations Act,

is taken to be a transfer of shares or stocks.

[Section 101 inserted by No. 2 of 2003 s. 120.]