Income Tax Assessment Act 1997



Division 166 - Income tax consequences of changing ownership or control of a widely held or eligible Division 166 company  

Subdivision 166-D - Tests for finding out whether the widely held or eligible Division 166 company has maintained the same owners  

The ownership tests: substantial continuity of ownership

SECTION 166-165   Relationship with rules in Division 165  


The provisions of Subdivision 165-D (other than section 165-165) apply for the purposes of the tests in section 166-145 .


The following provisions apply for the purposes of the tests in section 166-145 as if the reference to a particular time were a reference to the *ownership test time:

(a) section 165-180 (which is about arrangements affecting beneficial ownership of shares);

(b) subsection 165-185(2) (which treats some shares as never having carried rights);

(c) subsection 165-190(2) (which treats some shares as always having carried rights).


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