Income Tax Assessment Act 1997
This Subdivision provides for when a *CGT asset of an entity of any of these kinds stops being a *pre-CGT asset:
(a) a company *shares in which (except shares that carry the right to a fixed rate of *dividend) are listed for quotation in the official list of an *approved stock exchange;
(b) a *publicly traded unit trust;
(c) a *mutual insurance company;
(d) a *mutual affiliate company;
(e) a company (other than one covered by paragraph (a)) all the *shares in which are beneficially owned, whether directly, or indirectly through one or more interposed entities, by one or more of the following:
(i) a company covered by paragraph (a);
(ii) a *mutual insurance company;
(iii) a *mutual affiliate company;
(iv) a *publicly traded unit trust;
(f) (Omitted by No 94 of 1999)
A publicly traded unit trust is a unit trust the units in which:
(a) are listed for quotation in the official list of an *approved stock exchange; or
(b) are ordinarily available for subscription or purchase by the public. 149-50(3)
This Division applies as if what is done or not done by the trustee of a *publicly traded unit trust had been done or not done by the trust.
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