INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
This Subdivision modifies the way in which a public company (the head company ) or a publicly traded unit trust (the head trust ) may determine under subsection 160ZZSA(2) the natural persons who, at a test time or the base time, held underlying interests in:
(a) an asset of the head company if there were at that time:
(i) capital shareholdings of less than 1%; or
in the head company; or
(ii) dividend shareholdings of less than 1%;
(b) an asset of the head trust if there were at that time:
(i) capital unit holdings of less than 1%; or
in the head trust.
(ii) income unit holdings of less than 1%;
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