Income Tax Assessment Act 1997
An entity is an affected owner of a * down interest if, and only if, the entity owns the down interest at the * decrease time and at least one of these paragraphs is satisfied:
(a) the entity is the controller;
(b) the entity was an * associate of the controller at some time during or after the * scheme period;
(c) the entity is an * active participant in the * scheme.
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