INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 3CB - Tests for finding out whether the listed public company has maintained the same owners  

Rules affecting the operation of the ownership tests  

SECTION 160ZNSK   RULES IN DIVISION 3B APPLY  

160ZNSK(1)   [Purposes for which rules apply]  

The rules in these sections also apply for the purposes of an ownership test in this Division:

(a) 160ZNL (which is about how an ownership test can be satisfied by a single person);

(b) 160ZNN (which treats some shares as never having carried rights);

(c) 160ZNO (which treats some shares as always having carried rights);

(d) 160ZNP (which disregards redeemable shares);

(e) 160ZNQ (which is about how other rules do not affect how shares or rights are counted);

(f) 160ZNR (which deals with deaths of beneficial owners);

(g) 160ZNRA (which deals with companies in liquidation).

160ZNSK(2)   [Rule in sec 160ZNM]  

The rule in section 160ZNM (which is about arrangements affecting beneficial ownership of shares) also applies for the purposes of an ownership test in this Division as if the reference to a particular time during the ownership test period were a reference to the ownership test time.