Income Tax Assessment Act 1997
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Hide history noteSECTION 727-370 727-370 Preventing double counting for percentage stake tests
If an interest giving an entity, or an entity and its * associates:
(a) the ability to exercise, or control the exercise of, any of the voting power in a company; or
(b) the right to receive dividends that a company may pay; or
(c) the right to receive a distribution of capital of a company; or
(d) the right to receive a distribution of trust income or trust capital;
is both direct and indirect, and (apart from this section) would be counted more than once in applying subsection 727-355(1) or (2) or section 727-360 , only the direct interest is to be counted.
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