Tax Laws Amendment (2011 Measures No. 2) Act 2011 (41 of 2011)

Schedule 5  

Part 20   Definitions mainly relevant to Subdivision 165-F of the Income Tax Assessment Act 1997

Income Tax Assessment Act 1997

145   Subsection 995-1(1) (definition of more than a 50% stake )

Repeal the definition, substitute:

more than a 50% stake :

(a) more than a 50% stake in a company has the meaning given by section 165-37; and

(b) more than a 50% stake in the income or capital of a trust has the meaning given by section 269-50 in Schedule 2F to the Income Tax Assessment Act 1936.