Victorian Numbered Acts

ABORIGINAL LANDS AMENDMENT ACT 2013 (NO. 33 OF 2013) - SECT 10

    (1)     In section 14(2) of the Principal Act, after "his" insert "or her".

    (2)     In section 14(3)(b) of the Principal Act, for "his" substitute "the member's".

    (3)     For section 14(4) and (5) of the Principal Act substitute —

    "(4)     A member of a Trust may make to the Trust an offer in writing to sell any shares owned by the member to—

        (a)     the Trust; or

        (b)     a person referred to in subsection (2) who is to be nominated by the Trust.

    (4A)     The price of the shares offered for sale under subsection (4) shall be the price fixed in accordance with this Act by an auditor appointed under this Act.

    (5)     An offer under subsection (4) shall remain open for acceptance by the Trust or person nominated by the Trust (as the case requires) for a period of 3 months from the date the offer is made, and then lapses.".