Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) It is necessary for the purposes of several provisions of this Part to value an interest in a FIF by reference to the quoted price on a particular day on a stock market of the class of interests in which the interest is included.
(2) For the purposes of such a provision, that quoted price is:
(a) if there was more than one transaction on that stock market on that day in interests in that class--the last published price at which such an interest was traded on that stock market on that day; or
(b) if information as to the price mentioned in paragraph (a) was not published or there were no transactions on that stock market on that day in such interests--the last price at which an offer was made on that day to buy such an interest.