Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 253F

How to work out the value of an interest

                   The value of an interest in a registered scheme is:

                     (a)  if it is quoted on a prescribed financial market--the last sale price on that market on the trading day immediately before the day on which the poll is taken; or

                     (b)  if it is not quoted on a prescribed financial market and the scheme is liquid and has a withdrawal provision in its constitution--the amount that would be paid for the interest under that provision on the business day immediately before the day on which the poll is taken; or

                     (c)  in any other case--the amount that the responsible entity determines in writing to be the price that a willing but not anxious buyer would pay for the interest if it was sold on the business day immediately before the day on which the poll is taken.



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