A New Tax System (Goods and Services Tax) Act 1999
Chapter 6
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Interpreting this Act
Part 6-2
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Meaning of some important concepts
Division 190
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90% owned groups of companies
190-1
90% owned groups
Two companies are members of the same 90% owned group if:
(a) one of the companies has * at least a 90% stake in the other company; or
(b) a third company has * at least a 90% stake in each of the two companies.
Two companies are members of the same 90% owned group if:
(a) one of the companies has * at least a 90% stake in the other company; or
(b) a third company has * at least a 90% stake in each of the two companies.
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