Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-95
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VALUE SHIFTING
Division 727
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Indirect value shifting affecting interests in companies and trusts, and arising from non-arm
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s length dealings
Subdivision 727-E
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Key concepts
Ultimate controller
SECTION 727-350 727-350 Ultimate controller
An entity is an ultimate controller of another entity if, and only if: (a) the first entity * controls (for value shifting purposes) the other entity; and (b) there is no entity that controls (for value shifting purposes) both the first entity and the other entity.
View history note
Hide history noteSECTION 727-350 727-350 Ultimate controller
An entity is an ultimate controller of another entity if, and only if: (a) the first entity * controls (for value shifting purposes) the other entity; and (b) there is no entity that controls (for value shifting purposes) both the first entity and the other entity.
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