INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 13A - Employee share schemes  

Subdivision G - Definitions  

SECTION 139GE   139GE   MEANING OF ASSOCIATE  


The expression associate has the same meaning as it would have in section 26AAB if:


(a) the following paragraph were inserted before paragraph (14)(a) of that section:


``(aa) a company where the taxpayer holds (whether directly or indirectly through one or more interposed companies, partnerships or trusts) a share in the company, or a right to acquire a share in the company;''; and


(b) ``paragraph (a)'' wherever occurring in subsection (14) were omitted and ``paragraph (aa) or (a)'' were substituted.


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