Income Tax Assessment Act 1997
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Hide history noteSECTION 360-20 Limited entitlement for certain kinds of investors 360-20(1)
You do not satisfy paragraph 360-15(1)(b) if:
(a) for each offer resulting in *equity interests that are *shares in the company being issued to you during the income year, none of subsections 708(8) , (10) or (11) of the Corporations Act 2001 removed the need for a disclosure document; and
(b) a total of more than $50,000 was paid for the issue to you of the shares resulting from all of those offers.
360-20(2)
For the purposes of this section, assume that Chapter 6D of the Corporations Act 2001 applies to those offers.
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