INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 20 - Changes in majority underlying interests in assets  

Subdivision A - Preliminary  

SECTION 160ZZRT   160ZZRT   INDIRECT BENEFICIAL INTEREST IN INCOME DERIVED FROM ASSET  
A natural person is taken to hold an indirect beneficial interest in income that may be derived from an asset of an entity (other than another natural person) for the purposes of this Division where:


(a) if the entity were to pay a dividend or otherwise distribute any of its income; and


(b) in the case where another entity or other entities are interposed between the first-mentioned entity and the person - if the dividend or income were then paid or distributed by the other entity or successively paid or distributed by each of the other entities;

the person would have the right to receive any of the dividend or income for the person's own benefit.


 

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