INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 20 - Changes in majority underlying interests in assets  

Subdivision D - Abnormal trading  

SECTION 160ZZSE   ABNORMAL TRADING IN SHARES IN A PUBLIC COMPANY OR UNITS IN A PUBLICLY TRADED UNIT TRUST  

160ZZSE(1)   [Application]  

This Subdivision applies for the purpose of determining whether there has been abnormal trading in shares in a public company or in units in a publicly traded unit trust for the purposes of this Division.

160ZZSE(2)   [Issue, redemption or transfer etc]  

There is taken for the purposes of this Division to have been a trading in shares in the company, or in units in the trust, if there was an issue, redemption or transfer of, or any other dealing in, those shares or units.

160ZZSE(3)   [When dealing not taken to be trading for application of Division]  

However, an issue, redemption or transfer of, or another dealing in, shares in the company or units in the trust is not a trading in the shares or units to which this Division applies if the issue, redemption, transfer or other dealing does not change the proportions in which natural persons hold underlying interests in assets of the company or trust.