Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 960 - General  

Subdivision 960-H - Abnormal trading in shares or units  

SECTION 960-235   Abnormal trading - suspected 5% of shares or units in a series of transactions  

960-235(1)    
There is an abnormal trading in *shares in a company, or in units in a unit trust, if the company or trustee knows or reasonably suspects that an entity (or an entity and one or more of the entity's *associates) has acquired (or redeemed) 5% or more of the shares or units in 2 or more transactions and would not have done so if the company or trust did not have a *tax loss or other deduction.

Time when abnormal trading happens

960-235(2)    
The *abnormal trading happens at the time of the particular transaction that causes the 5% figure to be exceeded.