THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS

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History

Chapter 6A inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 6A.4 - EXPERTS' REPORTS AND VALUATIONS

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Part 6A.4 inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

SECTION 667C   VALUATION OF SECURITIES  

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667C(1)  [Determining fair value]  

To determine what is fair value for securities for the purposes of this Chapter:

(a)  first, assess the value of the company as a whole; and

(b)  then allocate that value among the classes of issued securities in the company (taking into account the relative financial risk, and voting and distribution rights, of the classes); and

(c)  then allocate the value of each class pro rata among the securities in that class (without allowing a premium or applying a discount for particular securities in that class).

667C(2)  [Securities purchased in previous six months]  

Without limiting subsection (1), in determining what is fair value for securities for the purposes of this Chapter, the consideration (if any) paid for securities in that class within the previous 6 months must be taken into account.

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S 667C inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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