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Fiji’s 2015 Companies Act permits companies, under certain conditions, to make distributions to equity holders through share buybacks

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Fiji’s 2015 Companies Act permits companies, under certain conditions, to make distributions to equity holders through share buybacks. Required: Identify why each of the following types of the entity may choose to, or not to, take advantage of this provision,

a) Entities quoted on the South Pacific Stock Exchange, 

b) Other entities that are required to construct financial reports in conformity with the full International Financial Reporting Standards (IFRS) and, 

c) Entities that are required to construct financial reports in conformity with the IFRS for Small and Medium Entities (SMEs).