INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Shares in a company begin to be part of a substantial shareholding of a person when the person gives the company:
(a) a notice under section 709 of the Corporations Law from which it appears that the person or an associate (within the meaning of that section) had a relevant interest in the shares as at the day when the person became a substantial shareholder in the company; or
(b) a notice under section 710 of the Corporations Law from which it appears that the person or an associate (within the meaning of that section) had a relevant interest in the shares after the change in relevant interests because of which the notice had to be given;
whichever happens first.
160ZZSP(2) When shares stop being part of substantial shareholding.The shares stop being part of the substantial shareholding when the person gives the company:
(a) a notice under section 710 of the Corporations Law from which it appears that neither the person nor an associate (within the meaning of that section) had a relevant interest in the shares after the change in relevant interests because of which the notice had to be given; or
(b) a notice under section 711 of the Corporations Law from which it appears that the person had stopped being a substantial shareholder in the company;
whichever happens first.
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