Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the share or right is quoted on a stock market of an approved stock exchange on that day, the market value is:
(a) if there was at least one transaction on that stock market in shares or rights of that class during the one week period up to and including that day--the weighted average of the prices at which those shares or rights were traded on that stock market during the one week period up to and including that day; or
(b) if there were no transactions on that stock market in that one week period in such shares and rights:
(i) the last price at which an offer was made on that stock market in that period to buy such a share or right; or
(ii) if, in the case of a share, no such offer has been made--the value of the share that would have been determined under section 139FB if that section applied to the share; or
(iii) if, in the case of a right, no such offer has been made--the value of the right that would have been determined under section 139FC if that section applied to the right.
(2) If a share or right is quoted on 2 or more approved stock markets on that day, the market value is the value determined under subsection (1) in respect of whichever of those the taxpayer chooses.
(3) This section does not apply to a share if section 139FAA applies to the share.
(4) This section applies for the purposes of section 139DS as if references in this section to the one week period up to and including that day were references to the period consisting of that day.