INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

Subdivision 725-A - Scope of the direct value shifting rules  

SECTION 725-55   725-55   Controlling entity test  


An entity (the controller ) must * control (for value shifting purposes) the target entity at some time during the period starting when the * scheme is entered into and ending when it has been carried out. (That period is the scheme period .)

For the concept of control (for value shifting purposes) , see sections 727-355 to 727-375 .


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