Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 125 - Demerger relief  

Subdivision 125-B - Consequences for owners of interests  

Operative provisions

SECTION 125-100  

125-100   No further demerger relief in some cases  

This Division does not apply to the remaining * ownership interests in a * demerged entity if one or more members of the * demerger group * disposed of or cancelled less than 100 % of the total ownership interests of that group in the demerged entity.

Note:

After the demerger, a former member of the demerger group can undertake a further demerger to which this Division can apply.