Income Tax Assessment Act 1936
Div 16J inserted by No 97 of 1989.
In this Division:
has the same meaning as in section 318 .
, in relation to a cancellation of shares to which this Division applies, means the period beginning when the holding company concerned became a holding company of the subsidiary concerned and ending at the time of the cancellation;
Definition of " associate " substituted by No 101 of 2006 , s 3 and Sch 2 item 389 and s 159GZZZC(2) repealed as inoperative by No 101 of 2006 , s 3 and Sch 1 item 145, effective 14 September 2006. For application and savings provisions and for former wording see the CCH Australian Income Tax Legislation archive .
(a) a subsidiary of another company; or
(b) the holding company of another company;
if the first-mentioned company is such for the purposes of the Corporations Act 2001 .
S 159GZZZC(3) amended by No 55 of 2001
(a) if the entity is a company - shares in the company;
(b) if the entity is a partnership - capital or profits of the partnership;
(c) if the entity is a trust estate - corpus or income of the trust estate; or
(d) in any case - securities issued by the entity.
S 159GZZZC inserted by No 97 of 1989.
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