CTHRepealedAct
Wool International Privatisation Act 1999
18Dealings by TrusteeCo with shares held for putative equity holders
Start here
Get a plain-English read of 18
Turn the raw legal text into a practical explanation grounded in Wool International Privatisation Act 1999.
#### 18 Dealings by TrusteeCo with shares held for putative equity holders
(1) This section applies to shares that are held by TrusteeCo and were taken to be issued to TrusteeCo under paragraph 16(1)(c).
(2) After the conversion time:
(a) Part 4C of the Wool International Act applies in relation to those shares in the same way as that Part applies in relation to units held by TrusteeCo; and
(b) subsection 22H(2) of the Wool International Act applies in relation to those shares in the same way as that subsection applies in relation to units.
(3) After the conversion time, Part 4D of the Wool International Act applies in relation to money received by TrusteeCo in respect of those shares in the same way as that Part applies in relation to distributions received by TrusteeCo in respect of units held by TrusteeCo.