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  

The ownership tests  

SECTION 160ZNSH  

160ZNSH   WHO HAS MORE THAN 50% OF THE VOTING POWER IN THE LISTED PUBLIC COMPANY AT A PARTICULAR TIME  
If it is the case, or it is reasonable to assume, that there are persons (none of them companies) who, at the ownership test time, between them control, or are able to control, the voting power in the listed public company (whether directly, or indirectly through one or more interposed entities), those persons have more than 50% of the voting power in the listed public company at that time.