Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 165 - Income tax consequences of changing ownership or control of a company  

Subdivision 165-D - Tests for finding out whether the company has maintained the same owners  

Rules affecting the operation of the tests

SECTION 165-200   Rules do not affect totals of shares, units in unit trusts or rights carried by shares and units  

165-200(1)    

Sections 165-165 , 165-180 , 165-185 and 165-190 do not affect how *shares, and rights carried by *shares, are counted for the purposes of determining:

(a) the total voting power in the company; or

(b) the total *dividends that the company may pay; or

(c) the total distributions of capital of the company.

165-200(2)    

Section 165-165 does not affect how units in a unit trust, or the rights carried by such units, are counted for the purposes of determining the total rights, or the total rights of a particular kind, in the trust of the holders of such units.