Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-95
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VALUE SHIFTING
Division 727
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Indirect value shifting affecting interests in companies and trusts, and arising from non-arm
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s length dealings
Subdivision 727-E
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Key concepts
Ultimate controller
SECTION 727-350
727-350
Ultimate controller
An entity is an ultimate controller of another entity if, and only if: (a) the first entity * controls (for value shifting purposes) the other entity; and (b) there is no entity that controls (for value shifting purposes) both the first entity and the other entity.
View history note
Hide history noteAn entity is an ultimate controller of another entity if, and only if: (a) the first entity * controls (for value shifting purposes) the other entity; and (b) there is no entity that controls (for value shifting purposes) both the first entity and the other entity.
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