Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) On the day on which the receiving subsidiary is given the notice under subsection 29M(1), the receiving subsidiary shall, subject to subsection (2), issue shares in the receiving subsidiary to the Corporation.
(2) The Minister shall determine, in writing, the total nominal value of the shares to be issued to the Corporation.
(3) The shares issued to the Corporation shall be taken to have been fully paid up and to have been issued for valuable consideration other than cash.
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