INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 16G
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Debt creation involving non-residents
Subdivision A
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Interpretation
SECTION 159GZZC
159GZZC
ACQUISITION OF ASSET THROUGH INTERPOSED PERSONS
Where, under a scheme, an asset is acquired by a person or persons (in this section called the ' final buyer ' ), indirectly through one or more interposed persons, from another person or persons (in this section called the ' original seller ' ), the Commissioner may, for the purposes of this Division, treat the acquisition of the asset as if it had been directly by the final buyer from the original seller.
Where, under a scheme, an asset is acquired by a person or persons (in this section called the ' final buyer ' ), indirectly through one or more interposed persons, from another person or persons (in this section called the ' original seller ' ), the Commissioner may, for the purposes of this Division, treat the acquisition of the asset as if it had been directly by the final buyer from the original seller.
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