Corporations Act 2001
Note: Section 1228A applies a modified version of this Part in relation to a CCIV. Section 1228B applies a modified version of this Part in relation to a sub-fund of a CCIV.
View history note
Hide history noteThe 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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