S 139GCB repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections
Income Tax (Transitional Provisions) Act 1997
. S 139GCB formerly read:
SECTION 139GCB MEANING OF
100% TAKEOVER 139GCB
of a company by another company is an arrangement that is intended to result in the company becoming a 100% subsidiary of the other company, or of a holding company or subsidiary of the other company.
S 139GCB inserted by No 41 of 2005. No 41 of 2005, s 3 and Sch 3 item 22, contains the following application provision:
The amendment is taken to have applied, to acquisitions of shares or rights on or after 1 July 2004.
In this item:
acquisition , of a share or right, has the same meaning as in Division
Income Tax Assessment Act 1936