Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The value of a
marketable security or right in respect of shares is to be
determined —
(a) as
if the constitution or governing rules of the issuer satisfied any
requirements of the Australian Stock Exchange Limited that must be satisfied
before the security or right could be quoted on the Australian Stock Exchange
Limited; and
(b)
disregarding any provision in the constitution or governing rules of the
issuer providing for the valuation of the security or right.
(2) Despite
subsection (1), the Commissioner may determine the value of a marketable
security or right in respect of shares to be the amount the Commissioner
considers would be received by the holder of the security or right if the
issuer were to be voluntarily wound up on the day of the transfer.
[Section 40 inserted by No. 66 of 2003
s. 15.]
[ 41-44. Deleted by No. 37 of 1979
s. 30.]
[Headings before section 45 deleted by No. 37 of 1979 s. 31.]
[ 45. Deleted by No. 37 of 1979 s. 32.]
[ 46-48. Deleted by No. 72 of 1965
s. 6(b)-(d).]
[Part IIIA:
s. 49-50D deleted by No. 66 of 2003 s. 16(1);
s. 50E deleted by No. 42 of 1993 s. 4.]
[ 51. Deleted by No. 37 of 1979 s. 37.]
[ 52. Deleted by No. 2 of 2003 s. 30.]
[ 53-60. Deleted by No. 37 of 1979
s. 39.]
[ 61. Deleted by No. 96 of 1976 s. 4.]
[ 62. Deleted by No. 96 of 1976 s. 5.]
[Heading inserted by No. 37 of 1979 s. 40.]
[Heading deleted by No. 2 of 2003 s. 31.]