Income Tax Assessment Act 1997
View history note
Hide history noteFor the purposes of sections 165-15 , 165-40 , 165-115D , 165-115M and 165-129 , a person is not prevented from controlling, or being or becoming able to control, voting power in a company merely because:
(a) the company is or becomes:
(i) a Chapter 5 body corporate within the meaning of the Corporations Act 2001 ; or
(ii) an entity with a similar status under a *foreign law to a Chapter 5 body corporate; or
(b) either:
(i) a provisional liquidator is appointed to the company under section 472 of the Corporations Act 2001 ; or
(ii) a person with a similar status under a foreign law to a provisional liquidator is appointed to the company.
165-250(2)
For the purposes of sections 165-15 , 165-40 , 165-115D , 165-115M and 165-129 , a company (the stakeholding company ) is not prevented from controlling, or being or becoming able to control, voting power in another company merely because:
(a) the stakeholding company is or becomes:
(i) a Chapter 5 body corporate within the meaning of the Corporations Act 2001 ; or
(ii) an entity with a similar status under a *foreign law to a Chapter 5 body corporate; or
(b) either:
(i) a provisional liquidator is appointed to the stakeholding company under section 472 of the Corporations Act 2001 ; or
(ii) a person with a similar status under a foreign law to a provisional liquidator is appointed to the stakeholding company.
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