Western Australian Numbered Acts Western Australian Numbered Acts (1) In addition to
section 271(2) a distributing co-operative may issue bonus shares to
members of the co-operative if the assets of the co-operative —
(a) have
been sold at a profit; or
(b) have
been revalued at a greater value than that disclosed before the revaluation in
the books of the co-operative.
(2) This section does
not apply if the assets were acquired for resale at a profit.