Document ID: chunk:federal_register_of_legislation:C2025C00185:section:253f
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 253F
Character Range: 844185–844983

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 declared 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 declared 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.