INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIA
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CAPITAL GAINS AND CAPITAL LOSSES
Division 3CA
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Net capital gain or net capital loss of listed public company or its 100% subsidiary for year of income in which ownership or control of the company changed
SECTION 160ZNSA
WHAT THIS DIVISION IS ABOUT
View history note
Hide history noteThis Division modifies the way in which the rules in Division 3A apply to a listed public company (and also its 100% subsidiaries). It makes it easier for the company to comply with those rules.
If the company has maintained the same owners as between certain points of time, it does not need to prove it has maintained the same owners throughout the periods in between.
The tests for finding out whether the company has maintained the same owners are set out in Divisions 3CB, 3CC and 3CD.
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