Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 975 - Concepts about companies  

Subdivision 975-A - General  

SECTION 975-155  

975-155   When is an entity a controller (for CGT purposes) of a company?  

An entity (the first entity ) is a controller (for CGT purposes) of a company if:

(a) the first entity has an *associate-inclusive control interest in the company of at least 50%; or

(b) the first entity has an associate-inclusive control interest in the company of at least 40% and entities other than the first entity or associates of the first entity do not control the company; or

(c) the first entity controls the company (alone or with an *associate).