Income Tax Assessment Act 1936
For the purposes of this Subdivision, the adjusted first day trading price of demutualisation shares is the amount worked out using the formula:
First day trading price of
Value of franking surplus
Total number of
In this section:
first day trading price of demutualisation shares
means the price per share, as published by ASX Limited, at which the demutualisation shares were last traded, on the stock market operated by ASX Limited, on the demutualisation listing day.