INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 3CC - How to treat shareholdings of less than 1%  

Special tracing rules for listed public companies  

SECTION 160ZNSM  

160ZNSM   SHAREHOLDINGS OF LESS THAN 1% IN THE LISTED PUBLIC COMPANY  
This Division modifies how the ownership tests are applied to the listed public company (the head company ) if the company has:

(a) voting shareholdings of less than 1%; or

(b) dividend shareholdings of less than 1%; or

(c) capital shareholdings of less than 1%.

Note:

For the ownership tests: see sections 160ZNSH , 160ZNSI and 160ZNSJ .