INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 3CA - 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 160ZNSE   COMPANIES CAN CHOOSE THAT THIS DIVISION IS NOT TO APPLY TO THEM  

160ZNSE(1)   [Choice]  

The listed public company or subsidiary can choose that Division 3A is to apply to it for the year of income without the modifications made by this Division.

160ZNSE(2)   [When choice is made]  

The company must choose on or before the day it lodges its return under section 161 , 162 or 163 for the year of income, or before a later day if the Commissioner allows.