Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

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  

166-165(1)  


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

166-165(2)  


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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