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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES  

Division 6 - Voting at meetings of members  

SECTION 253F  

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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