INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 3CC - How to treat shareholdings of less than 1%  

When the rules in this Division do not apply  

SECTION 160ZNSS  

160ZNSS   IF LISTED PUBLIC COMPANY WOULD NOT HAVE OTHERWISE PASSED THE OWNERSHIP TESTS  
This Division does not apply for the purposes of section 160ZNSB if the Commissioner considers it reasonable to assume that the head company would not meet the conditions in that section if it were not for the rules in this Division.

Note:

The conditions in section 160ZNSB require the listed public company to maintain the same owners at each ownership test time during the test period.