Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 165 - Income tax consequences of changing ownership or control of a company  

Subdivision 165-F - Special provisions relating to ownership by non-fixed trusts  

 View history note

 Hide history note

History

Subdiv 165-F inserted by No 58 of 2000.

SECTION 165-245  

165-245   When an entity has a fixed entitlement to income or capital of a company  

View history reference

For the purposes of this Act, an entity is taken to have held or had, directly or indirectly, a *fixed entitlement to a share of income or capital of a company at a time if and only if the entity held or had, directly or indirectly, that fixed entitlement at that time for the purposes of Schedule 2F to the Income Tax Assessment Act 1936 .

 View history note

 Hide history note

History

S 165-245 substituted by No 41 of 2011, s 3 and Sch 5 item 137, effective 27 June 2011. S 165-245 formerly read:

SECTION 165-245 Meaning of expressions  
165-245
The expressions control a non-fixed trust , directly or indirectly , excepted trust , family trust , fixed entitlement , fixed trust , group , more than a 50% stake and non-fixed trust have the same meanings as in Schedule 2F to the Income Tax Assessment Act 1936 .

S 165-245 inserted by No 58 of 2000.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.